Aclarion Entered $1M Securities Purchase Agreement, Issuing 1K Series C Preferred Shares At $1K Each, Convertible At $0.1759 Per Common Share, Plus Warrants For 5.7M Common Shares
Portfolio Pulse from Benzinga Newsdesk
Aclarion has entered into a $1 million securities purchase agreement, issuing 1,000 Series C preferred shares at $1,000 each. These shares are convertible at $0.1759 per common share, and the agreement includes warrants for 5.7 million common shares.
October 01, 2024 | 8:13 pm
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Aclarion has secured $1 million through a securities purchase agreement, issuing 1,000 Series C preferred shares convertible at $0.1759 per common share, along with warrants for 5.7 million common shares.
The issuance of Series C preferred shares and warrants indicates a capital raise, which can be positive for Aclarion's liquidity and growth prospects. The conversion price and warrants suggest potential future dilution, but the immediate capital infusion is likely to be viewed positively by investors.
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