Aclarion exchanges $157K of notes for 56K shares at $2.8101 per share

Aclarion, Inc.

Exchanged $157,365.60 of principal and accrued interest on unsecured notes for 56,000 common shares at $2.8101/share.
Shares issued without restricted legend under Section 3(a)(9) and Section 4(a)(2) exemptions.
Future exchanges may occur on similar terms but no definitive agreements exist at this time.
Transaction reduces debt and increases outstanding share count, no impact on operations or guidance.
Form of Exchange Agreement filed as Exhibit 10.1, detailing terms and representations.

item 1.01 item 3.02 item 9.01

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 Exchange Agreement with accredited investors valued at $157,365.60 (effective 2024-01-22).

Action: entry
Agreement: equity purchase
Counterparty: accredited investors
Value: $157,365.60
Effective: 2024-01-22

Exact text from the filing

On January 22, 2024, the Company entered into an exchange agreement (the “Exchange Agreement”) with the accredited investors to exchange $157,365.60 of principal and accrued interest on the notes for 56,000 shares of common stock at an exchange price of $2.8101 per common share.

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Aclarion, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-24-000377

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