secwatch.observer — SEC 8-K summary
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Issuer:     Aclarion, Inc. (ACON)
CIK:        0001635077
Form:       8-K
Filed at:   2024-10-01T23:59:59+00:00
Accession:  0001683168-24-006791
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aclarion raises $1.0M via Series C convertible preferred stock and warrants
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- Gross proceeds of $1.0M from sale of 1,000 shares of Series C Preferred Stock at $1,000/share, convertible at $0.1759 per share.
- Issued warrants for 5,685,049 shares of common stock at $0.1759 exercise price, 5.5-year term.
- Series C Preferred Stock carries 10% annual dividend payable quarterly, with option to pay in stock or capitalize.
- Conversion price subject to anti-dilution full-ratchet on dilutive issuances; trigger events increase dividend to 18% and reduce price to 80% of lowest VWAP.
- Proceeds for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1635077/000168316824006791/0001683168-24-006791-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1635077/000168316824006791/acon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-006791

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer