ClearOne receives Nasdaq delisting notice, terminates lease for $300K, to redeem preferred stock

CLEARONE INC

On April 7, 2026, Nasdaq notified ClearOne it fails all continued listing standards; 45-day compliance plan due May 22, 2026.
Terminated office lease in Salt Lake City for $300K fee, releasing from $376K future rent and $53K restoration obligations.
Board approved redemption of all Class A Preferred Stock on April 21, 2026 at $0.001 par value per share (mandatory).
Intends to submit compliance plan to Nasdaq before May 22, 2026; Nasdaq may grant extension to October 4, 2026.

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