regulatory
confidence high
sentiment negative
materiality 0.70
Aclarion receives Nasdaq delisting notice for bid price; hearing held Oct 10
Aclarion, Inc.
- Received Oct 8 notice of non-compliance with $1 bid price requirement for Nasdaq Capital Market.
- Also not compliant with stockholders' equity rule; reported equity of $1.64M vs. $2.5M minimum.
- Panel hearing occurred Oct 10; delisting stayed pending written decision.
- Shareholders approved reverse stock split (1:5 to 1:50) to regain compliance.
- Company intends to implement reverse split in near future to meet bid price rule.