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An announcement from Expion360, Inc. ( (XPON) ) is now available.
Expion360 Inc. has proactively terminated its commercial lease for a 31,400-square-foot warehousing property in Redmond, Oregon, effective October 1, 2024, as a strategic move to reduce costs without altering its overall property leasing strategy. The company has incurred costs including an extra month’s rent, a $30,000 termination fee, and a broker commission of $89,000, but anticipates these expenses will be offset by future savings estimated at $40,000 monthly over the next 51 months. Expion360 will continue its warehousing operations at its headquarters and another location in Indiana.
See more data about XPON stock on TipRanks’ Stock Analysis page.
