Summary by Futu AI
On June 12, 2024, Aclarion, Inc., a company listed on the Nasdaq Stock Market under the symbol ACON, announced an amendment to its bylaws. The amendment, adopted by the Board of Directors, changes the quorum requirement for stockholder meetings. Previously, a majority of the voting power of outstanding shares was necessary to transact business. The new amendment reduces this requirement to one-third of the voting power. This change addresses the company's challenges in reaching a quorum due to its large, dispersed stockholder base and the elimination of discretionary voting by many brokerage firms. The amendment aims to mitigate the risk of not achieving a quorum, which could lead to additional costs and potential business disruptions. The full text of the amendment is available as Exhibit 3.1 in the Current Report on Form 8-K filed with the SEC.