Aclarion enters $10M common stock purchase agreement with White Lion Capital

Aclarion, Inc.

Up to $10M aggregate gross purchase of newly issued common stock at discounts of 85-95% of VWAP.
Company issued 187,500 commitment shares ($75,000 value) to White Lion.
Purchase right runs until Dec 31, 2024; per-notice limit capped at $1M or 30% of daily volume.
Registration rights agreement filed; shares to be registered for resale within 30 days.
Funds to be used for general corporate purposes; no specific use cited.

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 Common Stock Purchase Agreement with White Lion Capital, LLC valued at up to $10,000,000 in aggregate gross purchase price (effective 2023-10-09).

Action: entry
Agreement: equity purchase
Counterparty: White Lion Capital, LLC
Value: up to $10,000,000 in aggregate gross purchase price
Effective: 2023-10-09

Exact text from the filing

On October 9, 2023, Aclarion, Inc. (the “Company”) entered into a common stock purchase agreement (the “Common Stock Purchase Agreement”) and a related registration rights agreement (the “White Lion RRA”) with White Lion Capital, LLC, a Nevada limited liability company (“White Lion”). Pursuant to the Common Stock Purchase Agreement, the Company has the right, but not the obligation to require White Lion to purchase, from time to time, up to $10,000,000 in aggregate gross purchase price of newly issued shares of the Company’s common stock, par value $0.00001 per share (the “Common Stock”), subject to certain limitations and conditions set forth in the Common Stock Purchase Agreement.

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Aclarion, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-23-007017

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