Missed the webinar? Here are Investing.com’s top 10 stock picks for 2026
ClearOne Inc. (NASDAQ:CLRO), a micro-cap company currently valued at $8.38 million and trading at $4.91 per share, has entered into a warrant repurchase agreement with Intracoastal Capital, LLC, according to a press release statement based on a recent SEC filing.
On Tuesday, ClearOne repurchased certain outstanding common stock purchase warrants that were previously issued to Intracoastal Capital. The warrants, originally issued on September 12, 2021, were exercisable for a total of 6,039 shares of ClearOne’s common stock.
Under the terms of the agreement, ClearOne paid $0.6504 in cash for each share underlying the warrants, amounting to an aggregate purchase price of $3,927.77. Upon settlement, the warrants were cancelled and are no longer in effect.
The agreement and related details were disclosed in a Form 8-K submitted to the Securities and Exchange Commission.
In other recent news, ClearOne announced a special stock dividend as part of its strategic process to potentially sell all or substantially all of its assets. The company stated that this one-time special dividend will be distributed on July 18 to stockholders of record as of July 11, 2025. Shareholders will receive one share of Class A Redeemable Preferred Stock for every share of common stock they hold. Additionally, ClearOne updated its partners about a $3 million convertible note offering and the company’s ongoing review of strategic alternatives. This offering was initially announced on June 25, and the company remains operational as it explores possible strategic options. These developments are part of ClearOne’s broader efforts to evaluate its future business direction.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.