Aclarion closes $750K second tranche of unsecured note financing; amends terms

Aclarion, Inc.

Received $750K gross proceeds from second tranche; principal amount $862.5K (15% OID).
Notes carry 8% interest, mature May 16, 2024, unsecured and non-convertible.
Monthly interest payments waived until maturity; prepayment allowed without penalty.
Company must use 50% of proceeds from offerings over $4M to retire outstanding notes.
Amendment waives warrant anti-dilution for shares under equity line with White Lion Capital.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Aclarion, Inc. entered into securities purchase agreement with accredited investors valued at $1,250,000 (effective 2023-05-16).

Action: entry
Agreement: notes offering
Counterparty: accredited investors
Value: $1,250,000
Effective: 2023-05-16

Exact text from the filing

on May 16, 2023, Aclarion, Inc. (the "Company", "we" and "us") entered into a securities purchase agreement with accredited investors for an unsecured non-convertible note financing. At that time, the Company received $1,250,000 of gross proceeds in connection with the first tranche closing of this financing.

View on SEC.gov

281 material agreements filed in the last 30 days. Browse all material agreements →

Aclarion, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-23-006219

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.