other material
confidence high
sentiment neutral
materiality 0.55
Aclarion enters ATM equity agreement to sell up to $10M common stock, initial $1.075M
Aclarion, Inc.
- ATM issuance sales agreement with Ascendiant Capital Markets for up to $10M of common stock.
- Initial prospectus supplement caps sales at $1.075M due to Form S-3 General Instruction I.B.6.
- Agent commission of 3.0% of gross proceeds; Company may suspend or terminate at any time.
- Sales will be made under effective shelf registration statement (333-281999) declared effective Sept 23, 2024.