Aclarion, Inc. announced that it has entered into a securities purchase agreement with an accredited investors pursuant to which it issued fixed rate unsecured non-convertible note financing due April 19, 2024 for an aggregate gross proceeds of $250,000 on November 21, 2023. The notes carry fixed rate of interest of 8% payable. The notes will mature on April 19, 2024.

The notes will have a 15% original issue discount. The aggregate principal amount of the notes is $294,117.65. The notes may be prepaid by the Company at any time without penalty.

If the Company completes one or more qualified offerings of securities, then the notes become redeemable at the option of the investor. After an event of default, the interest rate on the notes increases to 15%, and the notes become redeemable (at the option of the investor) at a redemption premium of 25%.