other material
confidence high
sentiment neutral
materiality 0.30
Aclarion terminates $10M ATM sales agreement with Ascendiant Capital Markets, effective Jan 3
Aclarion, Inc.
- Terminated At-The-Market Issuance Sales Agreement with Ascendiant Capital Markets, LLC on January 3, 2025.
- Agreement allowed sale of up to $10M of common stock; only 1,606,211 shares for ~$0.3M gross proceeds were sold.
- ATM facility is no longer available for future capital raises.
- Original agreement was entered into on September 24, 2024, and filed as Exhibit 1.1 to prior Form 8-K.