UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event
reported): March 28, 2023 (
(Exact name of registrant as specified in its charter)
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Item 5.07. Submission of Matters to a Vote of Security Holders.
Aclarion, Inc. (the “Company”) held a Special Meeting of Stockholders on March 24, 2023 (the “Special Meeting”).
At the Special Meeting, the Company’s stockholders voted on one proposal, which was to grant discretionary authority to our board of directors to (i) amend our certificate of incorporation to combine outstanding shares of our common stock into a lesser number of outstanding shares, or a “reverse stock split,” at a specific ratio within a range of one-for-five (1-for-5) to a maximum of a one-for-fifty (1-for-50) split, with the exact ratio to be determined by our board of directors in its sole discretion; and (ii) effect the reverse stock split, if at all, within one year of the date the proposal is approved by stockholders. The reverse stock split proposal is described in more detail in the Company’s definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on February 27, 2023.
Stockholders approved the reverse stock split proposal presented for a vote. The tables below set forth the number of votes cast for and against, and the number of abstentions or broker non-votes, for the matter voted upon by the Company’s stockholders.
Proposal No. 1 — To grant the board of directors discretionary authority regarding a proposed reverse stock split.
| Broker | |||||||
| For | Against | Abstain | Non-Votes | ||||
| Common Stock | 4,691,013 | 33,920 | 0 | - | |||
| Series A Preferred Stock | 14,892,221 | 107,683 | 0 | - | |||
| Total Votes | 19,583,234 | 141,603 | 0 | - | |||
Item 8.01. Other Information.
As previously disclosed, in February 2023 the Company sold one (1) share of the Company’s newly designated Series A Preferred Stock to Jeffrey Thramann, the Company’s Executive Chairman, for a purchase price of $1,000. The share of Series A Preferred Stock had proportional voting rights that were limited to the proposal to approve a reverse stock split of the Company’s common stock.
Following the Special Meeting, on March 28, 2023 the Company redeemed the one outstanding share of Series A Preferred Stock in accordance with its terms. The redemption price was $1,000. No Series A Preferred Stock remains outstanding.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| ACLARION, INC. | ||
| By: | /s/ John Lorbiecki | |
| Name: | John Lorbiecki | |
| Title: | Chief Financial Officer | |
March 28, 2023
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