Aclarion, Inc. (ACON): Nasdaq/NYSE listing notice — Aclarion receives Nasdaq notice for minimum bid price non-compliance; 180-day cure period

Aclarion, Inc.

Nasdaq notified Aclarion on Dec 20, 2022 that its common stock failed the $1.00 minimum bid price rule for 30 consecutive business days.
The company has 180 calendar days to regain compliance by closing at $1.00 or more for at least 10 consecutive business days.
If not cured, Aclarion may be eligible for a second 180-day period if it meets other listing requirements and intends to effect a reverse stock split.
Company states the notice does not affect business, operations, or SEC reporting requirements.
Aclarion is considering options to regain compliance and will monitor bid price.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Aclarion, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

December 20, 2022, Aclarion, Inc. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company is not in compliance with the $1.00 Minimum Bid Price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market (the “Bid Price Requirement”). The Notice does not result in the immediate delisting of the Company’s common stock from The Nasdaq Capital Market. The Nasdaq Listing Rules require listed securities to maintain a minimum bid price of $1.00

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Aclarion, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-22-008630

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