Summary by Futu AI
On September 23, 2024, Aclarion, Inc., a company listed on the Nasdaq Stock Market, held a Special Meeting of Stockholders to vote on a significant corporate action. The sole proposal on the agenda was to grant the board of directors the authority to implement a reverse stock split of the company's common stock. The proposed reverse stock split would allow the board to consolidate shares at a ratio ranging from one-for-five to one-for-fifty, with the exact ratio to be determined at the board's discretion. This action could be taken any time within one year following stockholder approval. The proposal was thoroughly detailed in Aclarion's definitive proxy statement filed with the U.S. Securities and Exchange Commission on August 26, 2024. During the Special Meeting, stockholders voted in favor of the reverse stock split proposal, with 2,050,165 votes for, 1,133,449 against, and 583,616 abstentions. There were no broker non-votes reported. The approval empowers the board to execute the reverse stock split if it deems necessary within the stipulated timeframe.
