Aclarion Inc Files Prospectus Relates To Offering & Resale By White Lion Capital LLC Of Up To 12M Shares Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Aclarion Inc has filed a prospectus related to the offering and resale by White Lion Capital LLC of up to 12 million shares of common stock, according to an SEC filing.
October 10, 2023 | 7:38 pm
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Aclarion Inc's filing of a prospectus for the resale of up to 12 million shares by White Lion Capital could potentially dilute the value of existing shares.
The filing of a prospectus for the resale of a significant number of shares often leads to dilution of the value of existing shares. This is because the increase in supply of shares can exceed demand, leading to a decrease in share price. As such, this news is highly relevant and important for Aclarion Inc's investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100