ClearOne sells IP and inventory to Biamp Systems for $3.0 million

CLEARONE INC

Gross purchase price $3.0M; asset sale closed on October 24, 2025.
Net proceeds to be used to redeem Class A Redeemable Preferred Stock.
Company retains subsidiary equity, books, and will continue warranty/support.
Sale is part of previously announced plan to eventually sell all or substantially all assets.

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