Aclarion, Inc. (ACON) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 13, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 436.32% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
2.5M
Potential Supply
0
Additional shares possible
Splits
2 Splits 3 Reverse
Past 2 years

Summary

ACON currently has 2.46M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 436.32% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 2 stock splits (positive for accessibility) and 3 reverse splits (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 13, 2026

10-Q filing | 2.5M shares outstanding

2.5M 0
Jan 09, 2026

8-K filing: Aclarion, Inc. entered into a Securities Purchase Agreement to sell 200,000 shares of common stock at $5.18 per share and pre-funded warrants to purchase up to 1,800,000 shares of common stock in a registered direct offering. ($1.04M proceeds)

670K 0
Nov 12, 2025

10-Q filing | 0.7M shares outstanding

670K 0
Oct 14, 2025

8-K filing: Aclarion, Inc. entered into a Securities Purchase Agreement to sell 64,000 shares of common stock and pre-funded warrants to purchase up to 236,000 shares of common stock in a registered direct offering. ($2.5M proceeds)

580K 0
Aug 14, 2025

10-Q filing | 0.6M shares outstanding

580K 0
May 15, 2025

10-Q filing | 0.6M shares outstanding

580K 0
Apr 25, 2025

S-3 filing: The filing is an S-3 shelf registration allowing the company to offer and sell securities for total gross proceeds of up to $150,000,000.

580K 0
Apr 09, 2025

10-K filing | 0.6M shares outstanding

580K 0
Mar 27, 2025
Stock Split

8-K filing: Stock split 1-for-27 | Outstanding: 13,700,000 → 582,000

580K 0
Mar 13, 2025
Stock Split

8-K filing: Aclarion, Inc. reports the completion of several financing transactions in Q1 2025, resulting in a cash balance of approximately $15.2 million and compliance with Nasdaq Listing Rule 5550(b)(1). Series B warrant holders have exercised approximately 87% of their warrants, leading to the issuance of approximately 12.7 million common shares. The company also mentions a 1-335 reverse stock split effective January 30, 2025.

14M 0
Jan 31, 2025

8-K filing: Aclarion, Inc. entered into a Securities Purchase Agreement to sell 506,803 shares of common stock at $9.25 per share in a registered direct offering, with gross proceeds expected to be approximately $4.7 million. ($4.7M proceeds)

500K 170K
Jan 29, 2025
Stock Split

8-K filing: Stock split 1-for-335 | Outstanding: 23,100,008 → 500,000

500K 170K
Jan 17, 2025

8-K filing: Aclarion, Inc. completed an offering of 100,000 shares of common stock, 143,900,000 pre-funded warrants, 144,000,000 Series A Common Warrants, and 144,000,000 Series B Common Warrants at a price of $0.10 per share (or $0.09999 per Pre-Funded Warrant), resulting in net proceeds of approximately $13.3 million, with Dawson James Securities, Inc. as the underwriter. ($14.4M proceeds)

23M 200M
Jan 10, 2025

S-1/A filing: This S-1/A filing registers the offering of common stock, pre-funded warrants, Series A common warrants, and Series B common warrants by Aclarion, Inc., with Dawson James Securities, Inc. as the underwriter.

23M 200M
Jan 06, 2025

8-K filing: Aclarion, Inc. entered into a Securities Purchase Agreement to sell 3,380,276 shares of its common stock at a price of $0.142 per share in a registered direct offering, with gross proceeds expected to be approximately $0.5 million. ($0.5M proceeds)

10M 50M
Dec 26, 2024

S-1/A filing: This S-1/A filing details a combination offering of common stock and warrants by Aclarion, Inc., with Dawson James Securities, Inc. as the underwriter. The offering includes Series A and B Common Stock Purchase Warrants and Pre-Funded Common Stock Purchase Warrants.

10M 50M
Dec 11, 2024

S-1 filing: This S-1 filing outlines a proposed offering of common stock together with Series A and Series B common warrants, and pre-funded warrants to purchase common stock. The company intends to use the net proceeds from this offering to redeem all outstanding shares of its Series B Preferred Stock and Series C Preferred Stock, with the remaining net proceeds to be used to build out the product platforms, expand our sales and marketing efforts, and for general and administration expenses and other general corporate purposes.

10M 50M
Nov 27, 2024

8-K filing: Aclarion, Inc. amended its Equity Line Purchase Agreement with White Lion Capital, extending the expiration date to December 31, 2025, adding pricing methods, and issuing 560,915 shares to White Lion as consideration.

9.4M 51M
Nov 14, 2024

10-Q filing | 9.4M shares outstanding

9.4M 51M
Nov 04, 2024

S-3 filing: This S-3 filing covers the resale of up to 27,515,153 shares of common stock by selling stockholders, including shares issuable upon conversion of Series C Convertible Preferred Stock and upon exercise of Common Warrants.

10M 50M
Oct 25, 2024

S-1 filing: This S-1 filing relates to the offering and resale by White Lion Capital LLC of up to 20,000,000 shares of Aclarion, Inc.'s common stock.

10M 23M
Oct 11, 2024

POS AM filing: This prospectus relates to the offering and resale by White Lion Capital LLC of up to 1,450,000 shares of our common stock, par value $0.00001 per share.

10M 2.9M
Oct 01, 2024

8-K filing: Aclarion, Inc. entered into a securities purchase agreement for a convertible preferred stock and warrants financing, receiving $1,000,000 in gross proceeds from the issuance of 1,000 shares of Series C convertible preferred stock and warrants exercisable for 5,685,049 shares of Common Stock. ($1.0M proceeds)

10M 2.9M
Sep 19, 2024

S-3/A filing: The company intends to offer various securities, including common stock, preferred stock, warrants, subscription rights, and debt securities, for total gross proceeds of up to $50,000,000.

10M 2.9M
Sep 09, 2024

POS AM filing: This prospectus relates to the offering and resale by White Lion Capital LLC of up to 1,450,000 shares of our common stock, par value $0.00001 per share.

9M 4M
Sep 09, 2024

S-3 filing: The company may offer and sell common stock, preferred stock, warrants, subscription rights, debt securities or units, for total gross proceeds of up to $50,000,000.

8.2M 4.8M
Aug 29, 2024

8-K filing: Aclarion, Inc. entered into a subscription agreement to issue 1,000,000 shares of common stock at $0.29 per share for gross proceeds of $290,000 and also entered into a warrant purchase agreement to issue warrants to purchase up to 400,000 shares of common stock. ($0.29M proceeds)

8.2M 7.3M
Aug 16, 2024

8-K filing: Aclarion, Inc. entered into an exchange agreement to exchange approximately $930,000 of principal and accrued interest on notes for 930 shares of newly issued Series B convertible preferred stock at a purchase price of $1,000 per share. ($0.93M proceeds)

8.2M 7.3M
Aug 14, 2024

10-Q filing | 8.2M shares outstanding

8.2M 7.3M
Aug 12, 2024

8-K filing: Aclarion, Inc. entered into a subscription agreement with an institutional investor to issue and sell 400,000 shares of Common Stock at $0.29 per share for gross proceeds of $116,000. ($0.12M proceeds)

8.2M 7.3M
May 15, 2024

10-Q filing | 8.2M shares outstanding

8.2M 7.3M
Mar 28, 2024

10-K filing | 7.2M shares outstanding

7.2M 8.3M
Feb 27, 2024

8-K filing: Aclarion, Inc. closed a public offering of 5,175,000 units at $0.58 per unit on February 27, 2024, for gross proceeds of approximately $3.0 million, with each unit comprising one share of common stock or a prefunded warrant and two common warrants. ($3.0M proceeds)

2M 14M
Feb 23, 2024

S-1/A filing: This is an S-1/A filing for Aclarion, Inc. regarding a best-efforts offering of up to 3,888,888 Units, with each Unit consisting of one share of common stock and two Common Warrants, and the option to purchase Pre-Funded Warrants in lieu of common stock, with Maxim Group LLC as placement agent.

2M 14M
Feb 21, 2024

S-1/A filing: This S-1/A filing details an offering of up to 3,888,888 Units, each consisting of one share of common stock and one Common Warrant, at an assumed price of $1.80 per Unit, along with Pre-Funded Warrants as an alternative to common stock for certain purchasers.

2M 9.6M
Feb 06, 2024

S-1/A filing: Aclarion Inc. files an S-1/A form to offer up to 2,941,176 Units on a best efforts basis, each Unit consisting of one share of common stock and one Common Warrant, with an opportunity to purchase Pre-Funded Warrants under certain beneficial ownership conditions.

2M 3.5M
Jan 31, 2024

S-1/A filing: This S-1/A filing relates to the offering and resale by White Lion Capital LLC of up to 2,500,000 shares of common stock, and the potential sale of common stock to White Lion Capital LLC for up to $7.1 million.

1.9M 3.5M
Jan 29, 2024

8-K filing: The company issued 500,000 shares of common stock in exchange for approximately $1,185,226 of principal and accrued interest on notes, increasing the outstanding shares to 1,791,375 as of January 26, 2024. ($1.19M proceeds)

1.8M 6.2M
Jan 23, 2024

8-K filing: Aclarion, Inc. exchanged $157,365.60 of principal and accrued interest on notes for 56,000 shares of common stock at $2.8101 per share on January 22, 2024. ($0.16M proceeds)

1.3M 6.7M
Jan 22, 2024

S-1 filing: This S-1 filing describes an offering and resale of up to 2,500,000 shares of common stock by White Lion Capital LLC and the potential sale of common stock to White Lion Capital LLC for up to $7.1 million.

1.3M 6.7M
Jan 03, 2024
Stock Split

8-K filing: Stock split one-for-sixteen | Outstanding: 9,423,382 → 840,000

840K 2.1M
Dec 11, 2023

S-1 filing: This S-1 filing is for Aclarion, Inc.'s offering of up to 25,925,926 Units, each consisting of one share of common stock and one warrant, offered on a best efforts basis through Maxim Group LLC, along with pre-funded warrant options for certain purchasers.

9.4M 38M
Nov 22, 2023

8-K filing: Aclarion, Inc. entered into a securities purchase agreement for an unsecured non-convertible note financing and received $250,000 of gross proceeds, issuing common stock warrants and shares of common stock as a commitment fee.

8.5M 13M
Nov 14, 2023

10-Q filing | 8.5M shares outstanding

8.5M 13M
Oct 20, 2023

S-1/A filing: This S-1/A filing covers the resale of up to 12,000,000 shares of common stock by the selling securityholder, consisting of commitment shares and additional shares that may be sold to White Lion.

8.2M 13M
Oct 10, 2023

8-K filing: Aclarion, Inc. entered into a common stock purchase agreement with White Lion Capital, LLC, issuing 187,500 commitment shares for $75,000 and granting White Lion the option to purchase up to $10,000,000 in aggregate gross purchase price of newly issued shares of the Company's common stock. ($0.08M proceeds)

8.3M 13M
Oct 10, 2023

S-1 filing: This S-1 filing covers the resale of up to 12,000,000 shares of common stock by a selling securityholder and a potential equity line offering up to $10 million.

8.2M 13M
Aug 25, 2023

10-Q filing | 8.3M shares outstanding

8.3M 860K
Jul 12, 2023

S-1/A filing: S-1/A filing details the completion of the first tranche of a PIPE Offering, including the issuance of common stock, common warrants, and pre-funded warrants, along with associated registration rights agreements and risk factors.

7.9M 1.2M
Jul 03, 2023

S-1 filing: This S-1 filing includes information on a completed PIPE offering where the company issued common stock, warrants to purchase common stock, and promissory notes, with Carter Terry & Co., Inc. acting as placement agent.

7.9M 0
Jul 03, 2023

10-Q filing | 7.9M shares outstanding

7.9M 0
May 17, 2023

8-K filing: Aclarion, Inc. entered into a securities purchase agreement for a $2.0 million unsecured non-convertible note financing and received $1,250,000 in gross proceeds in the first tranche. In connection with the first tranche closing, the company issued 1,232,156 common stock warrants and will issue 339,360 shares of common stock as a commitment fee.

7.9M 0
Mar 28, 2023

8-K filing: The company redeemed one share of Series A Preferred Stock for $1,000, and no Series A Preferred Stock remains outstanding.

7.9M 0
Feb 27, 2023

10-K filing | 7.9M shares outstanding

7.9M 0
Feb 17, 2023

8-K filing: Aclarion, Inc. entered into a Securities Purchase Agreement with its Executive Chairman, Jeffrey Thramann, to issue and sell one share of Series A Preferred Stock for $1,000. The company also filed a Certificate of Designation for the Series A Preferred Stock, which grants voting rights related to a potential reverse stock split. ($0.0M proceeds)

7.8M 0
Nov 14, 2022

10-Q filing | 7.8M shares outstanding

7.8M 0
Aug 15, 2022

10-Q filing | 7.8M shares outstanding

7.8M 0
Jun 06, 2022

10-Q filing | 0.9M shares outstanding

910K 0
Apr 27, 2022

8-K filing: Aclarion, Inc. completed a public offering of 2,165,000 shares of common stock and 2,489,750 warrants at $4.35 per unit, with Maxim Group LLC as the underwriter, resulting in gross proceeds of approximately $9.4 million and net proceeds of approximately $8.6 million. ($18.8M proceeds)

5.2M 0
Apr 20, 2022

S-1/A filing: This S-1/A filing describes an offering of 2,000,000 Units, each consisting of one share of common stock and one warrant, with an underwriter over-allotment option for an additional 300,000 shares of common stock and/or 300,000 warrants.

5.2M 4M
Apr 19, 2022

S-1/A filing: This S-1/A filing relates to the proposed offering and sale of Units, each Unit consisting of one share of common stock and one Common Stock Purchase Warrant to purchase one Share, to be issued and sold by the Company.

5.2M 2.3M
Apr 01, 2022

S-1/A filing: This is an S-1/A filing for an initial public offering of units, each consisting of one share of common stock and one warrant, at an assumed price of $5.50 per unit.

5.2M 2.3M
Mar 23, 2022

S-1/A filing: This S-1/A filing relates to a unit offering, with each unit consisting of one share of common stock and one warrant. The underwriters also have an over-allotment option.

5.2M 2.3M
Mar 04, 2022

S-1/A filing: This S-1/A filing is for an offering of 2,727,273 Units, with each Unit consisting of one share of common stock and one Warrant to purchase one share of common stock, at a public offering price of $5.50 per Unit. The underwriters also have an option to purchase an additional 409,091 shares of common stock and/or 409,091 Warrants.

5.2M 2.9M
Jan 06, 2022

S-1 filing: This is an S-1 filing prospectus summary highlighting certain information regarding an initial public offering including the offering of common stock and warrants.

6.1M 0
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