ClearOne, Inc. $(CLRO)$ has announced a 1-for-15 reverse stock split to take effect on June 2, 2025, following stockholder approval at a special meeting on May 30, 2025. This move is aimed at increasing the company's per share market price to meet Nasdaq's minimum bid price requirements. The stock will continue trading under the symbol "CLRO" but with a new CUSIP number. The reverse split will reduce the number of issued and outstanding shares from approximately 26.0 million to 1.7 million. No fractional shares will be issued, with any fractions being converted to whole shares.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.