Aclarion issues Series A Preferred to Executive Chairman; grants 15M votes on reverse split

Aclarion, Inc.

Jeffrey Thramann purchased one share of newly designated Series A Preferred for $1,000 on Feb 16, 2023.
The Series A Preferred has 15,000,000 votes, voting only on reverse stock split proposals in proportion to common shares voted.
Preferred has no conversion, dividend, or liquidation rights; redeemable at $1,000 upon board order or auto on reverse split effectiveness.
Issuance exempt from registration under Section 4(a)(2) of Securities Act; Certificate of Designation filed with Delaware.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Aclarion, Inc.: Filed Certificate of Designation to create Series A Preferred Stock with special voting rights on reverse stock split proposals (effective 2023-02-16).

Change: charter amendment
Effective: 2023-02-16

Exact text from the filing

On February 16, 2023, the Company filed a Certificate of Designation of the Series A Preferred Stock (the “Certificate of Designation”) with the Secretary of State of the State of Delaware to create a new class of Series A Preferred Stock, par value $0.00001 per share.

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Aclarion, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-23-001027

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