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UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date of Report (Date of earliest event
reported): August 31, 2023 (August 25,
2023)
Aclarion,
Inc.
(Exact name of registrant as specified in its charter)
Delaware |
001-41358 |
47-3324725 |
(State or other jurisdiction |
(Commission |
(IRS Employer |
of incorporation) |
File Number) |
Identification No.) |
8181 Arista Place, Suite 100 |
|
Broomfield, Colorado |
80021 |
(Address of Principal Executive Offices) |
(Zip Code) |
Registrant’s telephone number, including area code: (833) 275-2266
Not
Applicable
(Former name or former address, if changed since last report)
Check the appropriate box
below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Trading |
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Title of each class |
Symbol(s) |
Name of each exchange on which registered |
Common Stock |
ACON |
Nasdaq Stock Market |
Common
Stock Warrants |
ACONW |
Nasdaq Stock Market |
Indicate by check mark whether
the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company,
indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 3.01 Notice of Delisting or Failure to
Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Filing of Form 10-Q for Second Quarter
2023
As previously reported in a Form 12b-25 Notification
of Late Filing filed by Aclarion, Inc. (the “Company”) on August 14, 2023, the Company was delayed in filing with the Securities
and Exchange Commission (the “SEC”) its Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 (the “Form
10-Q”).
The Company was not able to file the Form 10-Q
by the extended deadline of August 21, 2023.
The Company filed the Form 10-Q on Friday, August
25, 2023.
Resolution of Nasdaq Notice Regarding
Late Filing of 10-Q Report
On August 23, 2023, the Company received a notice
from Nasdaq notifying the Company that because the Company remained delinquent in filing its Form 10-Q, the Company no longer complied
with Nasdaq Listing Rule 5250(c)(1), which requires companies with securities listed on Nasdaq to timely file all required periodic reports
with the SEC.
The Company filed the Form 10-Q on August 25,
2023. On August 28, 2023, Nasdaq confirmed that the Company had regained compliance with Rule 5250(c)(1) and that this matter is now closed.
Item 4.01. Changes in Registrant's Certifying
Accountant.
| (a) | Resignation of Cohn Reznick |
As previously disclosed, on July 10, 2023, the Audit Committee of the
Company was notified by CohnReznick LLP (“CohnReznick”), the Company’s independent registered public accounting firm,
of its decision to resign as the independent registered public accounting firm of the Company effective upon the filing of the Company’s
Quarterly Report on Form 10-Q for the quarter ended June 30, 2023. Upon the filing of the Form 10-Q on August 25, 2023, CohnReznick resigned.
The Company engaged CohnReznick as its independent registered public
accounting firm on May 15, 2023 (the “CR Engagement Date”), following the completion of a business combination agreement with
CohnReznick and Daszkal Bolton LLP (“Daszkal”). Daszkal had served as the Company’s auditor since 2021. Since the CR
Engagement Date and through the date of this Current Report on Form 8-K, there were (i) no disagreements (as described in Item 304(a)(1)(iv)
of Regulation S-K and the related instructions) between the Company and CohnReznick on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure, which, if not resolved to CohnReznick’s satisfaction, would have
caused CohnReznick to make reference thereto in its reports on the financial statements for such period; and (ii) no “reportable
events” within the meaning of Item 304(a)(1)(v) of Regulation S-K, except that CohnReznick advised the Company of material weaknesses
in its internal control over financial reporting as of March 31 and June 30, 2023.
CohnReznick was not required to and did not seek the Company’s
consent to its decision to resign as the Company’s independent registered public accounting firm. As a result, neither the Company’s
Board of Directors nor the Audit Committee took part in CohnReznick’s decision to resign.
The Company provided CohnReznick with a copy of the disclosures it
is making in this Current Report on Form 8-K and requested that CohnReznick furnish a letter addressed to the Securities and Exchange
Commission stating whether CohnReznick agrees with the statements made herein. A copy of CohnReznick’s letter dated August 31, 2023,
is filed as Exhibit 16.1 attached hereto.
| (b) | Appointment of Haynie & Company |
On August 29, 2023, upon the approval of the Audit
Committee, the Company engaged Haynie & Company as the Company’s new independent registered public accounting firm for the Company’s
fiscal year ending December 31, 2023 and interim periods.
During the Company’s two most recent fiscal
years ended December 31, 2021 and 2022, and the subsequent interim period through the date of its engagement, the Company did not consult
with Haynie & Company regarding either of the following: (i) the application of accounting principles to a specified transaction,
either completed or proposed, or the type of audit opinion that might be rendered on the Company’s financial statements, and Haynie
& Company did not provide a written report or oral advice on any accounting, auditing or financial reporting issue that Haynie &
Company concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial
reporting issue, or (ii) any matter that was either the subject of a disagreement, as defined in Item 304(a)(1)(iv) of Regulation S-K
and the related instructions, or a “reportable event,” as described in Item 304(a)(1)(v) of Regulation S-K.
The Company provided Haynie & Company with
a copy of the disclosures it is making in this Current Report on Form 8-K and requested that Haynie & Company furnish a letter addressed
to the Securities and Exchange Commission stating whether Haynie & Company agrees with the statements made herein. A copy of Haynie
& Company’s letter dated August 31, 2023, is filed as Exhibit 16.2 attached hereto.
Item 9.01: Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
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.
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ACLARION, INC. |
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August 31, 2023 |
|
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By: |
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/s/ John Lorbiecki |
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Name: John Lorbiecki |
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Title: Chief Financial Officer |
Exhibit 16.1
August 31, 2023
U.S. Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549
Re: Aclarion, Inc., Changes in Registrant’s Certifying Accountant
We have read the statements made by Aclarion, Inc., which we understand
will be filed with the Securities and Exchange Commission, pursuant to Item 4.01 of Form 8-K of the Company dated August 31, 2023, and
agree with such statements contained therein as they pertain to our firm. We have no basis to agree or disagree with the statements contained
in Item 4.01(b).
Sincerely,
/s/ CohnReznick LLP
CohnReznick LLP
Sunrise, Florida
Exhibit 16.2
August 31, 2023
U.S. Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549
Re: Aclarion, Inc., Changes in Registrant’s Certifying Accountant
We have read the statements made by Aclarion, Inc., which we understand
will be filed with the Securities and Exchange Commission, pursuant to Item 4.01 of Form 8-K of the Company dated August 31, 2023, and
agree with such statements contained therein as they pertain to our firm. We have no basis to agree or disagree with the statements contained
in Item 4.01(a).
Sincerely,
/s/ Haynie & Company
Haynie & Company
Denver, Colorado
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