Aclarion, Inc. has announced the completion of a reverse stock split at a ratio of one-for-sixteen, effective as of 5:00 P.M. Eastern Time on January 3, 2024. The reverse stock split resulted in the reduction of the company's issued and outstanding shares from approximately 13.4 million pre-split shares to approximately 840,000 post-split shares. The split-adjusted trading on Nasdaq commenced on January 4, 2024. This action did not alter the number of authorized shares of common stock, which remains at 200 million. The reverse stock split also applies to Aclarion's outstanding warrants, stock options, and restricted stock units, with proportional adjustments to the number of shares into which these securities are convertible or exercisable, as well as to their exercise prices...Show More

Aclarion, Inc. has announced the completion of a reverse stock split at a ratio of one-for-sixteen, effective as of 5:00 P.M. Eastern Time on January 3, 2024. The reverse stock split resulted in the reduction of the company's issued and outstanding shares from approximately 13.4 million pre-split shares to approximately 840,000 post-split shares. The split-adjusted trading on Nasdaq commenced on January 4, 2024. This action did not alter the number of authorized shares of common stock, which remains at 200 million. The reverse stock split also applies to Aclarion's outstanding warrants, stock options, and restricted stock units, with proportional adjustments to the number of shares into which these securities are convertible or exercisable, as well as to their exercise prices. The reverse stock split was previously approved by the company's board and stockholders in early 2023, with the final ratio determined by the board. The registration statement relating to the Purchase Agreement with White Lion Capital LLC, which originally registered 12,000,000 pre-split shares of common stock, now has 452,344 post-split common shares remaining available for issuance.