share_log

8-K: Current report

SEC ·  Sep 24, 2024 04:04

Summary by Futu AI

Aclarion held a Special Meeting of Stockholders on September 23, 2024, where shareholders voted to approve granting discretionary authority to the board of directors for a potential reverse stock split. The approved proposal allows the board to implement a reverse split ratio ranging from 1-for-5 to 1-for-50, to be determined at the board's discretion.The voting results showed 2,050,165 shares voted in favor, while 1,133,449 voted against, and 583,616 abstained. The board has been given one year from the approval date to implement the reverse split if they choose to do so. This strategic move provides the company with flexibility to adjust its share structure as needed.
Aclarion held a Special Meeting of Stockholders on September 23, 2024, where shareholders voted to approve granting discretionary authority to the board of directors for a potential reverse stock split. The approved proposal allows the board to implement a reverse split ratio ranging from 1-for-5 to 1-for-50, to be determined at the board's discretion.The voting results showed 2,050,165 shares voted in favor, while 1,133,449 voted against, and 583,616 abstained. The board has been given one year from the approval date to implement the reverse split if they choose to do so. This strategic move provides the company with flexibility to adjust its share structure as needed.

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