secwatch.observer — SEC 8-K summary
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Issuer:     Aclarion, Inc. (ACON)
CIK:        0001635077
Form:       8-K
Filed at:   2023-05-17T23:59:59+00:00
Accession:  0001683168-23-003484
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aclarion raises $1.25M first tranche of $2M unsecured note; 15% OID, 8% interest, warrants issued
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- First tranche gross proceeds $1.25M; company may draw additional $750,000 within 6 months.
- Notes have 15% original issue discount, 8% interest, mature 12 months, unsecured and non-convertible.
- Issued 1,232,156 common stock warrants with 5-year term and exercise price $0.6262 per share; full ratchet anti-dilution.
- Issued 339,360 commitment shares to investors; placement agent received pre-funded warrants for 54,349 shares.
- Proceeds used for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1635077/000168316823003484/0001683168-23-003484-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1635077/000168316823003484/acon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-003484

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