Aclarion, Inc. has entered into an active agreement with White Lion Capital LLC for the offering and resale of up to 20,000,000 shares of its common stock. The arrangement, which is ongoing and has a commitment period ending on December 31, 2024, allows Aclarion to sell shares to White Lion under specific conditions. While Aclarion will not receive proceeds from the sales made by the Selling Securityholder, it may receive up to $7.1 million from direct sales to White Lion once the registration statement becomes effective. The shares may be sold through various methods, including market prices, negotiated transactions, or fixed prices, with all brokerage fees and commissions to be paid by the Selling Securityholder. Aclarion's common stock is traded on the Nasdaq...Show More

Aclarion, Inc. has entered into an active agreement with White Lion Capital LLC for the offering and resale of up to 20,000,000 shares of its common stock. The arrangement, which is ongoing and has a commitment period ending on December 31, 2024, allows Aclarion to sell shares to White Lion under specific conditions. While Aclarion will not receive proceeds from the sales made by the Selling Securityholder, it may receive up to $7.1 million from direct sales to White Lion once the registration statement becomes effective. The shares may be sold through various methods, including market prices, negotiated transactions, or fixed prices, with all brokerage fees and commissions to be paid by the Selling Securityholder. Aclarion's common stock is traded on the Nasdaq under the ticker 'ACON', with its IPO Warrants quoted as 'ACONW'. The company has faced challenges, receiving deficiency letters from Nasdaq due to non-compliance with minimum bid price and stockholders' equity requirements. In response, Aclarion is planning a reverse stock split to meet Nasdaq's Bid Price Requirement and has been granted an extension until January 31, 2025, by a Nasdaq hearing panel to demonstrate compliance and avoid delisting. However, Aclarion's future is marked with uncertainty regarding its ability to continue as a going concern, which is contingent upon securing additional funding. The company has also highlighted the risks associated with its business operations, reporting requirements, and investment considerations, particularly in relation to the current stock offering event.