ClearOne majority holder backs up to $15 million unit offering at $3.5 each below Nasdaq minimum price
CLRO•Adviser share issuances also approved
Stockholders also cleared share issuances to advisers totaling 855,000 shares, which could also potentially exceed Nasdaq’s 20% issuance limit.
Private placement of units authorized
They authorized a private placement of units raising up to $15 million, with each unit consisting of one common share and one warrant.
The units are expected to price at $3.50 each, below Nasdaq’s minimum price threshold, potentially issuing 20% or more of outstanding shares.
Stockholders clear two Nasdaq-related equity issuances
ClearOne stockholders acted by written consent on Aug. 25, 2026, clearing two Nasdaq-related equity issuances.
