secwatch.observer — SEC 8-K summary
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Issuer:     CLEARONE INC (CLRO)
CIK:        0000840715
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001753926-25-000304
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/840715/000175392625000304/0001753926-25-000304-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/840715/000175392625000304/clro-20250227.htm
  HTML page:      https://secwatch.observer/filing/0001753926-25-000304

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