The wide-band impedance of Lithium-ion (Li-ion) batteries has become a focal point for researchers interested in State-of-Charge (SOC) estimation and battery modeling. However, the interplay between SOC, wide-band impedance, and model parameters has not been extensively explored. This paper addresses this gap by investigating how SOC impacts the impedance and Equivalent Circuit Model (ECM) parameters of a Li-ion battery cell through empirical measurements. The study utilizes discharge tests to vary the SOC and employs the Coulomb Counting Method (CCM) to estimate the approximate SOC from the response signals. A novel measurement technique is introduced and applied to determine a cell’s wide-band impedance at different SOC levels. This innovative approach uses a Pseudo-random Impulse Sequence (PRIS) perturbation signal to measure wide-band cell impedance. The collected impedance data is then used to estimate the ECM parameters. Experimental findings reveal an inverse relationship between impedance and SOC. Additionally, the ECM parameters exhibit significant correlation with SOC, particularly in mid- to low-frequency regions. This research highlights that SOC profoundly influences ECM parameters, offering valuable insights into the performance of Li-ion batteries under various conditions.