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Aclarion | 8-K: Current report

SEC announcement ·  Apr 12 16:03
Summary by Moomoo AI
On April 8, 2024, Aclarion, Inc., a company listed on the Nasdaq Stock Market, received a notice from Nasdaq's Listing Qualifications Department stating that the company does not meet the $1.00 Minimum Bid Price requirement necessary for continued listing on The Nasdaq Capital Market. This requirement is based on the closing bid price of Aclarion's common stock over a period of 30 consecutive business days ending April 5, 2024. The notice does not immediately delist Aclarion's stock but provides the company with a 180-day period, until October 7, 2024, to regain compliance. To achieve this, the company's stock must close at or above $1.00 per share for at least ten consecutive business days within this timeframe. If Aclarion fails to meet the requirement in the...Show More
On April 8, 2024, Aclarion, Inc., a company listed on the Nasdaq Stock Market, received a notice from Nasdaq's Listing Qualifications Department stating that the company does not meet the $1.00 Minimum Bid Price requirement necessary for continued listing on The Nasdaq Capital Market. This requirement is based on the closing bid price of Aclarion's common stock over a period of 30 consecutive business days ending April 5, 2024. The notice does not immediately delist Aclarion's stock but provides the company with a 180-day period, until October 7, 2024, to regain compliance. To achieve this, the company's stock must close at or above $1.00 per share for at least ten consecutive business days within this timeframe. If Aclarion fails to meet the requirement in the initial period, it may be eligible for an additional 180 days to comply, potentially through a reverse stock split. Non-compliance after the initial period could lead to delisting, although the company would have the right to appeal. Aclarion is currently considering options to address the issue and regain compliance. The receipt of the notice has no immediate impact on Aclarion's business operations or SEC reporting obligations.

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