Aclarion received a delisting notification from Nasdaq on October 8, 2024, for failing to maintain the $1.00 minimum bid price requirement after the 180-day compliance period expired. This follows an earlier August notice of non-compliance with the $2.5 million stockholders' equity requirement, as the company reported equity of $1.64 million in Q2 2024.The company presented its compliance plan addressing both issues at a Nasdaq hearing panel on October 10, 2024. Trading will continue during the appeal process until the panel issues its decision. To address the bid price requirement, shareholders approved a reverse stock split proposal on September 23, with ratios ranging from 1-for-5 to 1-for-50, to be implemented in the near future.Aclarion maintains its commitment to regaining compliance with Nasdaq listing rules and preserving its listing status. The company's board has been granted discretionary authority to determine the exact reverse split ratio within the approved range within one year of the shareholder approval.

Aclarion received a delisting notification from Nasdaq on October 8, 2024, for failing to maintain the $1.00 minimum bid price requirement after the 180-day compliance period expired. This follows an earlier August notice of non-compliance with the $2.5 million stockholders' equity requirement, as the company reported equity of $1.64 million in Q2 2024.The company presented its compliance plan addressing both issues at a Nasdaq hearing panel on October 10, 2024. Trading will continue during the appeal process until the panel issues its decision. To address the bid price requirement, shareholders approved a reverse stock split proposal on September 23, with ratios ranging from 1-for-5 to 1-for-50, to be implemented in the near future.Aclarion maintains its commitment to regaining compliance with Nasdaq listing rules and preserving its listing status. The company's board has been granted discretionary authority to determine the exact reverse split ratio within the approved range within one year of the shareholder approval.