Business
Aclarion Announces Pricing of $14.4 Million Public Offering of Common Stock and Warrants
BROOMFIELD, CO - January 15, 2025 (NEWMEDIAWIRE) - Aclarion, Inc. ("Aclarion" or the "Company") (Nasdaq: ACON, ACONW), a healthcare technology company that is
About this update from Aclarion, Inc.
[{"type":"text","content":"BROOMFIELD, CO - January 15, 2025 (NEWMEDIAWIRE) - Aclarion, Inc. (\"Aclarion\" or the \"Company\") (Nasdaq: ACON, ACONW), a healthcare technology company that is leveraging biomarkers and proprietary augmented intelligence (AI) algorithms to help physicians identify the location of chronic low back pain, today announced the pricing of an underwritten public offering of approximately 144,000,000 shares of common stock (or pre-funded warrants in lieu thereof) with each share of common stock (or pre-funded warrant) accompanied by (i) a series A common warrant to purchase one (1) common share at an exercise price of $0.20 per share and (ii) a series B common warrant to purchase one (1) common share at an exercise price of $0.20 per share. The combined public offering price of each share of common stock together with the accompanying series A and series B common warrants is $0.10, and the combined public offering price of each pre-funded warrant together with the accompanying series A and series B common warrants is $0.09999. The Company also granted the underwriter a 45 day option to purchase up to 21,000,000 additional shares of common stock (or pre-funded warrants), up to 21,000,000 series A common warrants and up to 21,000,000 series B common warrants, to cover over-allotments. The closing of the public offering is expected to occur on or about January 16, 2025, subject to the satisfaction of customary closing conditions.\nDawson James Securities, Inc. is acting as the sole bookrunning manager for the public offering.\nThe gross proceeds of the public offering are expected to be approximately $14.4 million before deducting underwriting discounts and commissions and estimated offering expenses payable by Aclarion. Aclarion intends to use the net proceeds from the offering to redeem all outstanding shares of its Series B Preferred Stock at a redemption price per share equal to $1,000 plus all accrued but unpaid dividends on each such share, with the remaining net proceeds to be used to build out the product platforms, expand its sales and marketing efforts, and for general and administration expenses and other general corporate purposes.\nThis public offering is being made by the Company pursuant to a registration statement on Form S-1 (File No. 333-283724), which was declared effective by the United States Securities and Exchange...