Two pieces of news arrived in the same regulatory filing this week: a finance chief is stepping down, and a stock that had spent months below Nasdaq's minimum price floor, the $1.00-per-share threshold every listed company must maintain to avoid delisting proceedings, has climbed back above that line. The company is Expion360 Inc., incorporated in Nevada and headquartered in Redmond, Oregon, trading on The Nasdaq Capital Market under the ticker XPON.
CFO departure: what the filing says
Shawna Bowin notified Expion360's board of directors on July 29, 2026, that she is resigning as Chief Financial Officer. The reason given in the 8-K filed with the Securities and Exchange Commission is personal. She is not leaving immediately. Bowin has agreed to remain in the role through approximately October 31, 2026, to help move her responsibilities to a successor in an orderly way.
No interim CFO was named in the filing. The company disclosed that it has begun a search for her permanent replacement. How long that search takes, and who runs the finance function in the gap, were not addressed.
Nasdaq compliance: from notice to clearance
Nasdaq's Listing Rule 5550(a)(2) sets the minimum bid price standard: a company's common stock must close at or above $1.00 per share. When shares fall below that level for 30 consecutive trading days, Nasdaq's Listing Qualifications department issues a formal staff determination. That notice opens a clock. The company must demonstrate compliance within a defined window or face the next stage of delisting proceedings.
Expion360 received that determination on January 29, 2026. Its shares had closed below $1.00 for the prior 30 consecutive trading days. By August 3, 2026, the stock had closed above $1.00 for ten consecutive trading days, which is the specific cure condition the rule requires.
On August 4, 2026, the Nasdaq Office of General Counsel sent Expion360 a letter confirming the company had regained compliance and that its common stock remains listed and traded on The Nasdaq Capital Market. Chief Executive Officer and Chairman Joseph Hammer signed the 8-K that same day.