secwatch.observer — SEC 8-K summary
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Issuer:     Aclarion, Inc. (ACON)
CIK:        0001635077
Form:       8-K
Filed at:   2024-10-11T23:59:59+00:00
Accession:  0001683168-24-007100
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Aclarion receives Nasdaq delisting notice for bid price; hearing held Oct 10
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1635077/000168316824007100/0001683168-24-007100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1635077/000168316824007100/acon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-007100

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