secwatch.observer — SEC 8-K summary
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Issuer:     Aclarion, Inc. (ACON)
CIK:        0001635077
Form:       8-K
Filed at:   2023-09-07T23:59:59+00:00
Accession:  0001683168-23-006328
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Aclarion receives Nasdaq delisting notice for equity shortfall; appeals to hearings panel
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- Nasdaq staff determined to delist common stock on Aug 31, 2023 for failure to meet $2.5M stockholders' equity requirement.
- Company had 180-day extension until Aug 30, 2023 to regain compliance but did not meet terms.
- Company requested hearing before Nasdaq Panel; trading stay pending written decision.
- Also not compliant with $1.00 bid price requirement; grace period runs through Jan 31, 2024.
- Delisting could reduce liquidity, market price, and access to financing; no assurance of favorable outcome.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1635077/000168316823006328/0001683168-23-006328-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1635077/000168316823006328/acon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-006328

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