ClearOne announces 1-for-15 reverse stock split effective June 9 to regain Nasdaq compliance

CLEARONE INC

Shareholders approved reverse split range 1-for-10 to 1-for-15; board set ratio at 1-for-15.
Effective June 9, 2025 at 5 pm ET; split-adjusted trading begins June 10 on Nasdaq Capital Market.
Outstanding shares reduce from ~26.0M to ~1.7M; fractional shares rounded up to whole share.
Purpose: regain Nasdaq minimum bid price compliance; new CUSIP: 18506U203.
Shareholders also approved increase in authorized common shares from 50M to 150M and authorized 50M preferred shares.

item 5.07item 8.01item 5.03item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.