Aclarion prices 5.175M units at 58c in public offering

Aclarion announced the pricing of its public offering of 5,175,000 units, with each unit consisting of one share of common stock and two common warrants, with each common warrant to purchase one share of common stock. Each unit is being sold at a public offering price of $0.58. The common warrants will be immediately exercisable at a price of $0.58 per share and will expire five years from the date of issuance. The shares of common stock and accompanying common warrants can only be purchased together in this offering, but will be issued separately and will be immediately separable upon issuance. Gross proceeds, before deducting placement agent fees and other offering expenses, are expected to be approximately $3.0 million. The offering is expected to close on February 27, 2024, subject to customary closing conditions. Maxim Group LLC is acting as sole placement agent in connection with this offering.