Expion360 Inc (NASDAQ:XPON) shares are trading lower by 6.78% to $0.08 during Wednesday's session. The company announced the pricing of a public offering expected to raise approximately $10 million.

The offering includes 50 million common units or pre-funded units, each priced at $0.20 or $0.199 respectively. Each Unit comprises one share of common stock or a pre-funded warrant, two Series A warrants and one Series B warrant. The proceeds will be used to repay $3.4 million in debt and for working capital and general corporate purposes.

Aegis Capital Corp. has a 45-day option to purchase additional securities to cover over-allotments. The offering is expected to close on August 8, pending customary conditions.

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Should I Sell My XPON Stock?

Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.

Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.

Shares of Expion360 have lost 94.97% year to date. This compares to the average annual return of -67.99%, meaning the stock has underperformed its historical averages. Investors can compare a stock's movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity.

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XPON has a 52-week high of $6.39 and a 52-week low of