XML 40 R29.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
STOCKHOLDERS’ EQUITY (Tables)
3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Schedule of warrants and related strike prices
     
Issue Date Strike price Number outstanding Expiration
April 21, 2022 (1) $69.60 155,610 April 21, 2027
April 21, 2022 $87.04 10,825 April 21, 2027
April 21, 2022 $69.60 26,673 April 21, 2027
May 16, 2023 (2) $0.29 77,010 May 16, 2028
November 21, 2023 (2) $0.29 46,556 November 21, 2028
November 21, 2023 $0.00001 1,576 November 21, 2028
February 27, 2024 $0.58 10,350,000 February 27, 2029

 

(1) These warrants were issued as part of the Company’s initial public offering completed April, 2022, and trade on Nasdaq under the ticker symbol “ACONW.”
(2) The per share exercise price of these warrants is subject to a “ratchet” adjustment if the Company issues securities at an effective per share price lower than the then effective warrant exercise price. The strike price of $0.29 is current through the equity line activity closed April 26, 2024 (see Note 14: Subsequent Events).