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 5.07 item 8.01 item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CLEARONE INC: Filed Certificate of Amendment to effect a 1-for-15 reverse stock split (effective 2025-06-09).

Change: charter amendment
Effective: 2025-06-09

Exact text from the filing

The Company's Board of Directors has approved the 1-for-15 reverse split ratio , and the Company has filed with the Delaware Secretary of State a C ertificate of A mendment to its Certificate of Incorporation (the “Certificate of Amendment”) to effect the Reverse Stock Split at the Effective T ime.

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CLEARONE INC filing history →

Source: SEC EDGAR

accession 0001753926-25-000914

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