Summary by Futu AI
On November 27, 2024, Aclarion amended its Equity Line Purchase Agreement with White Lion Capital, extending the expiration date to December 31, 2025. The amendment introduces two new pricing methods for share sales: Accelerated Purchase Notice and Pre-Market Purchase Notice. In consideration of White Lion's commitments, Aclarion issued 560,915 shares of Common Stock as Commitment Shares.The Equity Line allows Aclarion to sell up to $10 million in shares, with $6.8 million remaining available. The purchase price under various notices is determined by specific conditions, such as the lowest traded price or VWAP. The shares sold under this agreement are unregistered under the Securities Act, requiring an exemption for sale in the U.S.