Under the terms of the Rights Plan, Aclarion declared a dividend distribution of one preferred stock purchase right for each share of the company’s common stock and each Rights-Eligible Warrant outstanding as of the close of business on March 30, 2026. This distribution is intended to ensure that all stockholders are treated equally and to provide the Board with sufficient time to make informed decisions that are in the best interest of Aclarion and its stockholders.
The Rights Plan is not a response to any specific proposal to acquire control of the company and is not intended to deter offers or preclude the Board from considering offers that are fair and in the best interests of all stockholders. The Rights will attach to any shares of common stock that become issued and outstanding after the Record Date and prior to the earlier of the Distribution Time and the Expiration Time.
Each right will entitle its holder to purchase from the company one one-thousandth of a share of Series D Junior Participating Preferred Stock at an exercise price of $14.00 per right, subject to adjustment. The Rights Plan is designed to protect the interests of stockholders and ensure that they can realize the full value of their investments in Aclarion.
