Aclarion closes $3.0M public offering; believes it regains Nasdaq equity compliance

Aclarion, Inc.

Closed public offering of 5,175,000 units at $0.58/unit; gross proceeds ~$3.0M before expenses.
Each unit includes one share (or prefunded warrant at $0.00001) plus two common warrants exercisable at $0.58 for 5 years.
Proceeds to repay debt, build product platforms, expand sales/marketing, and for general corporate purposes.
Company believes it now has stockholders' equity of at least $2.5M, curing prior Nasdaq minimum equity non-compliance.
Offering closed on Feb 27, 2024; Maxim Group LLC acted as placement agent with 7% cash fee.

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 Placement Agent Agreement with Maxim Group LLC valued at gross proceeds of approximately $3.0 million (effective 2024-02-26).

Action: entry
Agreement: underwriting
Counterparty: Maxim Group LLC
Value: gross proceeds of approximately $3.0 million
Effective: 2024-02-26

Exact text from the filing

On February 26, 2024, Aclarion, Inc. (“Aclarion” or the “Company”) entered into a placement agency agreement (the “Placement Agent Agreement”) with Maxim Group LLC (“Maxim” or the “Placement Agent”)

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Aclarion, Inc. entered into Securities Purchase Agreement with certain investors named therein (effective 2024-02-26).

Action: entry
Agreement: equity purchase
Counterparty: certain investors named therein
Effective: 2024-02-26

Exact text from the filing

On February 26, 2024, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain investors named therein (the “Investors”)

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Aclarion, Inc. entered into Warrant Agency Agreement with Vstock Transfer LLC (effective 2024-02-27).

Action: entry
Counterparty: Vstock Transfer LLC
Effective: 2024-02-27

Exact text from the filing

on February 27, 2024, the Company also entered into a Warrant Agency Agreement (the “Warrant Agency Agreement”) with Vstock Transfer LLC

View on SEC.gov

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

Aclarion, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-24-001196

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