ClearOne announces dividend date for special stock dividend

ClearOne (CLRO) announced that its board of directors had declared a one-time special stock dividend on the company’s issued and outstanding shares of common stock, par value $0.001 per share and any common stock equivalents with dividend rights, to provide its legacy stockholders with a 100% stake in the proceeds from an eventual sale, if any, of all or substantially all of the company’s current assets and operations in one or more transactions. The board of directors fixed July 11 as the record date for the special stock dividend, and the special stock dividend will be payable on July 18 to stockholders of record as of the record date.