secwatch.observer — SEC 8-K summary
======================================

Issuer:     Aclarion, Inc. (ACON)
CIK:        0001635077
Form:       8-K
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0001683168-23-003477
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 4.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aclarion restates FY2022 financials; net loss revised from $7.6M to $7.2M
-------------------------------------------------------------------------

- Audit committee concludes 2022 audited financials should no longer be relied upon due to bonus accrual and RSU misclassification errors.
- Correction reduces compensation expense and liability by ~$384,000; RSU errors reduce asset/liability by ~$345,000 and reclass $54,000 credit.
- Net loss for FY2022 originally reported as $7.6M will be restated to approximately $7.2M.
- Q1 2023 10-Q filing delayed; company filed Form 12b-25 citing errors discovered by new auditor CohnReznick.
- Errors do not affect cash position, cash flow, revenues, or liquidity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1635077/000168316823003477/0001683168-23-003477-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1635077/000168316823003477/acon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-003477

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer