SCHEDULE 13G/A: 3i LP and Affiliates Reduce Stake in Expion360 Inc. Below 5% Threshold
Beneficial Ownership Change
Investment entities 3i, LP, 3i Management LLC, and Maier Joshua Tarlow have filed an exit Schedule 13G, indicating their beneficial ownership in Expion360 Inc. has fallen to 4.9% as of December 31, 2024.
Summary
- 3i, LP, 3i Management LLC, and Maier Joshua Tarlow (collectively, the "Reporting Persons") have filed an Amendment No. 2 to their Schedule 13G, serving as an exit filing.
- The Reporting Persons have ceased to be the beneficial owner of more than five percent of the outstanding shares of Expion360 Inc. Common Stock.
- As of December 31, 2024, the Reporting Persons beneficially own an aggregate of 110,087 shares of Expion360 Inc. Common Stock.
- This beneficial ownership represents 4.9% of the class, based on 2,096,082 outstanding shares of Common Stock as disclosed in Expion360 Inc.'s Form S-1 filed on January 17, 2025.
- 3i holds warrants exercisable for up to 461,007 shares of Common Stock, which are subject to a 4.99% beneficial ownership limitation (Blocker) preventing exercise if it would result in ownership exceeding 4.99%.
Sentiment
Score: 5
Explanation: The document is a factual regulatory filing reporting a change in beneficial ownership. It does not contain subjective language or performance metrics that would indicate a positive or negative sentiment.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of a change in beneficial ownership by an institutional investor and does not provide broader industry context or trends.
Stakeholder Impact
- Shareholders: The reduction of a significant investor's stake below the 5% reporting threshold could be interpreted by the market as a change in institutional confidence or investment strategy, potentially influencing investor sentiment and share price.
Key Dates
| Date | Description |
|---|---|
| 2024-02-05 | Original Statement on Schedule 13G filed by the Reporting Persons with the SEC. |
| 2024-11-13 | Amendment No. 1 to Statement on Schedule 13G filed by the Reporting Persons with the SEC. |
| 2024-12-31 | Date of event which requires filing of this statement (beneficial ownership fell below 5%). |
| 2025-01-17 | Date Expion360 Inc. filed its registration statement on Form S-1, disclosing 2,096,082 outstanding shares of common stock. |
| 2025-02-13 | Date of signing and filing of this Amendment No. 2 to Schedule 13G. |
Keywords
Expion360 Inc., Schedule 13G, beneficial ownership, exit filing, common stock, 3i LP, Maier Joshua Tarlow, SEC filing
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