On February 26, 2024, Aclarion, Inc., a Delaware-incorporated company, entered into a placement agency agreement with Maxim Group LLC for a registered public offering of 5,175,000 units at $0.58 per unit, aiming to raise approximately $3.0 million before offering expenses. Each unit consists of either one share of common stock or one prefunded warrant, plus two common warrants to purchase additional shares. The prefunded warrants are immediately exercisable at $0.00001 per share and remain valid until fully exercised, while the common warrants are exercisable at $0.58 per share and expire five years post-issuance. Maxim Group LLC has committed to best efforts in arranging the sale of the units, with a placement agent fee of 7% of the gross proceeds. Aclarion also entered into a Securities Purchase...Show More

On February 26, 2024, Aclarion, Inc., a Delaware-incorporated company, entered into a placement agency agreement with Maxim Group LLC for a registered public offering of 5,175,000 units at $0.58 per unit, aiming to raise approximately $3.0 million before offering expenses. Each unit consists of either one share of common stock or one prefunded warrant, plus two common warrants to purchase additional shares. The prefunded warrants are immediately exercisable at $0.00001 per share and remain valid until fully exercised, while the common warrants are exercisable at $0.58 per share and expire five years post-issuance. Maxim Group LLC has committed to best efforts in arranging the sale of the units, with a placement agent fee of 7% of the gross proceeds. Aclarion also entered into a Securities Purchase Agreement with certain investors to issue and sell the units and a Warrant Agency Agreement with Vstock Transfer LLC to act as transfer agent for the warrants. The offering closed on February 27, 2024, and the proceeds are intended for debt repayment, product platform development, sales and marketing expansion, and general corporate purposes. This move is expected to bring Aclarion's stockholders' equity to at least $2.5 million, in compliance with Nasdaq's minimum requirement for continued listing on The Nasdaq Capital Market.