Aclarion, Inc., a company listed in the United States, has announced a special meeting of stockholders to be held on September [***], 2024, with the primary agenda being the approval of a reverse stock split. The proposed reverse stock split would grant the board of directors the authority to amend the company's certificate of incorporation to combine outstanding shares of common stock into a lesser number of shares, within a range of one-for-five to a maximum of one-for-fifty, at the board's discretion. This action is intended to increase the per share price of Aclarion's common stock to comply with Nasdaq's minimum bid price requirement. The board has fixed August [***], 2024, as the record date for...Show More

Aclarion, Inc., a company listed in the United States, has announced a special meeting of stockholders to be held on September [***], 2024, with the primary agenda being the approval of a reverse stock split. The proposed reverse stock split would grant the board of directors the authority to amend the company's certificate of incorporation to combine outstanding shares of common stock into a lesser number of shares, within a range of one-for-five to a maximum of one-for-fifty, at the board's discretion. This action is intended to increase the per share price of Aclarion's common stock to comply with Nasdaq's minimum bid price requirement. The board has fixed August [***], 2024, as the record date for stockholders entitled to vote. The reverse stock split is subject to stockholder approval, and the board recommends a vote in favor of the proposal. The board also reserves the right to abandon the reverse stock split if it deems it no longer in the company's best interest. The meeting will take place at Aclarion's offices in Broomfield, Colorado, and stockholders are invited to attend in person or vote via proxy.