secwatch.observer — SEC 8-K summary
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Issuer:     CLEARONE INC (CLRO)
CIK:        0000840715
Form:       8-K
Filed at:   2025-06-02T23:59:59+00:00
Accession:  0001753926-25-000914
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 5.07, 8.01, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/840715/000175392625000914/0001753926-25-000914-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/840715/000175392625000914/clro-20250602.htm
  HTML page:      https://secwatch.observer/filing/0001753926-25-000914

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer