Business
Aclarion, Inc. Adopts Limited Duration Stockholder Rights Plan
BROOMFIELD, Colo., March 19, 2026 (GLOBE NEWSWIRE) -- Aclarion, Inc. (Nasdaq: ACON, ACONW) (“Aclarion” or the “Company”) today announced that its Board of
About this update from Aclarion, Inc.
[{"type":"text","content":"BROOMFIELD, Colo., March 19, 2026 (GLOBE NEWSWIRE) -- Aclarion, Inc. (Nasdaq: ACON, ACONW) (“Aclarion” or the “Company”) today announced that its Board of Directors (the “Board”) has unanimously adopted a limited duration stockholder rights plan (the “Rights Plan”). The Rights Plan is effective immediately and expires in one year. The Rights Plan is intended to enable all stockholders to realize the long-term value of their investment in Aclarion. The Rights Plan is also intended to reduce the likelihood that any person or group gains control of the Company without paying all stockholders an appropriate control premium. The Rights Plan will help to ensure the Board has sufficient time to make informed decisions that are in the best interest of Aclarion and its stockholders. The Rights Plan applies equally to all current and future stockholders. The Rights Plan was not adopted in response to any specific proposal to acquire control of the Company and is not intended to deter offers or preclude the Board from considering offers that are fair and otherwise in the best interests of all the Company’s stockholders. About the Rights Plan The terms of the Rights Plan are similar to those of plans adopted by other publicly traded companies. Pursuant to the Rights Plan, Aclarion declared a dividend distribution of one preferred stock purchase right for (i) each share of the Company’s common stock, par value $0.00001 per share (the “Common Stock”), and (ii) each Rights-Eligible Warrant (as defined in the Rights Plan) (without regard to any limitations on exercise thereof), in each case outstanding as of the close of business on March 30, 2026 (the “Record Date”), and further authorized the issuance of one Right for each share of Common Stock and each Rights-Eligible Warrant, in each case, that shall become issued and outstanding between the Record Date and the earlier of the Distribution Time and the Expiration Time (each as defined in the Rights Plan). One right will automatically attach to each share of Common Stock and each Rights-Eligible Warrant, including shares of Common Stock and additional Rights-Eligible Warrants, if any, that become issued and outstanding after the Record Date and before the rights become exercisable. Initially, these rights will not be exercisable and will trade with, and be represented by, the Common Stock and...