ClearOne announces 1-for-15 reverse stock split

The company states: “At a special meeting of stockholders to be held on May 30, 2025 of ClearOne (CLRO), Inc., the Company’s stockholders will vote to approve a proposal to authorize a reverse stock split of the Company’s issued and outstanding common stock, par value $0.001 per share by a ratio of between 1-for-10 and 1-for-15. Today the Company announced that, subject to stockholder approval of the Reverse Stock Split Proposal at the Special Meeting, the Company will effect a 1-for-15 reverse stock split of the Company’s issued and outstanding Common Stock effective at 5:00 p.m. Eastern time on June 2, 2025. The Company’s Common Stock will begin trading on a reverse stock split adjusted basis on The Nasdaq Capital Market at market open on June 3, 2025.”