Aclarion exchanges ~$1.19M debt for 500k shares, boosting share count to 1.79M

Aclarion, Inc.

From Jan 23–26, 2024, Aclarion entered exchange agreements with accredited investors to swap debt for equity.
Issued 500,000 shares of common stock to retire approximately $1,185,226 of principal and accrued interest on notes.
Outstanding shares increased to 1,791,375 as of January 26, 2024.
Future exchanges of notes for common stock are possible but not currently agreed upon.
Shares were issued in unregistered transactions under Section 3(a)(9) and 4(a)(2) of the Securities Act.

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 aggregate of approximately $1,185,226 of principal and accrued interest (effective 2024-01-26).

Action: entry
Agreement: equity purchase
Counterparty: accredited investors
Value: aggregate of approximately $1,185,226 of principal and accrued interest
Effective: 2024-01-26

Exact text from the filing

From January 23 to January 26, 2024, the Company entered into additional exchange agreements with the accredited investors. The Company has issued (pursuant to all of the exchange agreements) an aggregate 500,000 shares of common stock to exchange an aggregate of approximately $1,185,226 of principal and accrued interest on the notes.

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

Aclarion, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-24-000519

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