CLRO · ClearOne, Inc.

ClearOne, Inc. disclosed three significant events reflecting operational restructuring and regulatory challenges. The Company entered into a Lease Termination Agreement with Edgewater Corporate Park, LLC, effectively ending its tenancy at 5225 Wiley Post Way, Salt Lake City, Utah. By paying a $300,000 termination fee, the Company extinguished approximately $429,599 in future obligations ($376,359 in rent and $53,240 in restoration charges), resulting in a net reduction in liabilities. The Company had permanently vacated the premises on or about December 17, 2025, and the agreement formalized the surrender of possession and transfer of all remaining furniture and equipment to the Landlord.

Simultaneously, the Company received a notice from Nasdaq indicating it does not meet any of the alternative continued listing standards under Marketplace Rule 5550(b). The Company intends to submit a compliance plan by the May 22, 2026 deadline. If accepted, Nasdaq may grant an exception period extending to October 4, 2026, for the Company to regain compliance. Failure to regain compliance could result in delisting.

Additionally, the Board of Directors approved the mandatory redemption of all outstanding shares of Class A Redeemable Preferred Stock. The redemption will occur on April 21, 2026, at a price of $0.001 per share (par value). The aggregate redemption price will be deposited with Colonial Stock Transfer Company, Inc. on or about April 14, 2026. This action is mandatory under the terms of the Certificate of Designation.