Aclarion effectuates 1-for-16 reverse stock split; shares reduce to ~840K

Aclarion, Inc.

Effective January 3, 2024, every 16 shares of common stock combined into 1 share; no fractional shares issued.
Pre-split shares decreased from ~13.4M to ~840,000 post-split; authorized shares remain 200M.
Outstanding warrants, stock options, and RSUs adjusted proportionately; exercise prices also adjusted.
Board and stockholders had approved a reverse split range of 1-for-5 to 1-for-50; final ratio of 1-for-16 set in January 2024.
Common stock began trading on split-adjusted basis on Nasdaq at market open on January 4, 2024; new CUSIP 655187201.

item 3.03 item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Aclarion, Inc.: Amended certificate of incorporation to effect a 1-for-16 reverse stock split (effective 2024-01-03).

Change: charter amendment
Effective: 2024-01-03

Exact text from the filing

On January 3, 2024, Aclarion, Inc. (the “Company”) filed a Certificate of Amendment to the Amended and Restated Certificate of Incorporation of the Company (the “Certificate of Amendment”) with the Secretary of State of the State of Delaware to effect a reverse stock split of the Company’s common stock at a ratio of one-for-sixteen.

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Aclarion, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-24-000066

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