CLEARONE INC

ClearOne, Inc., a Delaware corporation, previously designed, developed, and marketed professional audio conferencing, microphone, and video collaboration solutions. All share and per-share amounts in this report have been adjusted to reflect a 15-for-1 reverse stock split in June 2025. On October 24, 2025, the company sold certain intellectual property, product inventory, and non-exclusive rights to customer data to Biamp Systems, LLC for $3.0 million in cash. Biamp did not assume warranty or technical support obligations. ClearOne retained its books and records, equity interests in subsidiaries, certain minor assets (including limited inventory for warranties), and all public-company assets and obligations. Following this sale, ClearOne no longer manufactures or sells products. Its current activities are limited to fulfilling warranty and technical support obligations on legacy products, managing and liquidating remaining assets from its former operating business, evaluating potential strategic transactions, collecting accounts receivable and recovering prepaid assets, satisfying outstanding liabilities, and maintaining public-company compliance. These activities are transitional and are not expected to generate significant revenue. The company is evaluating strategic alternatives to enhance stockholder value, which may include special transactions, investments in or acquisitions of private operating companies, additional asset sales, or other value-maximizing actions.