ClearOne sells 2M shares to largest shareholder Edward Bagley for $1M in private placement

CLEARONE INC

Issued 2,000,000 shares at $0.50 per share to affiliate and largest stockholder Edward D. Bagley, raising $1,000,000.
Shares sold in unregistered offering under Section 4(a)(2) and Rule 506(b); closing occurred simultaneously with agreement date of Feb 26, 2025.
Bagley is the company's single largest stockholder and an affiliate; proceeds expected for general corporate purposes.
Offering closed on execution date; no underwriter fees or registration rights disclosed.

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