Clear Secure Inc Stock Price, News & Analysis

Tappit and CLEAR (NYSE: YOU) have announced a strategic partnership aimed at improving the consumer experience in entertainment and retail sectors. The collaboration will combine CLEAR's mobile identity verification with Tappit's cashless payment solutions, allowing users to verify their identity and make purchases without physical cards or cash. This initiative focuses on enhancing safety and security for consumers, particularly in age-restricted transactions. The integration will be featured in team-specific game day apps to streamline the fan experience as venues expand capacity.

On Sept. 13, 2021, Resy, owned by American Express, announced a partnership with CLEAR (NYSE: YOU) to offer CLEAR's Health Pass technology to all Resy restaurants free through 2022. This service helps restaurants manage health protocols amid COVID-19. With features like vaccination proof and health surveys, the initiative aims to alleviate operational burdens for restaurants during challenging conditions. Resy previously extended fee relief for 15 months during the pandemic and continues to support the industry with technology solutions.

CLEAR (NYSE: YOU) has launched the "Come Back Better" initiative to promote safe business operations as cities implement vaccine mandates. This initiative supports organizations by providing digital vaccine solutions to protect communities. Currently, over 130 organizations are utilizing CLEAR's services, notably during New York Fashion Week. CLEAR offers a Health Pass and a Digital Vaccine Card that connect users' identities to health information, with over 2 million Health Passes created since May 2020. CLEAR's solutions aim to facilitate a safer return to normalcy across various sectors.

OpenTable, a leader in online restaurant bookings, partners with CLEAR to streamline proof of vaccination for diners. This collaboration allows users to easily show their vaccination status at restaurants requiring it, enhancing safety as the Delta variant spreads. Launching in September, the feature integrates with OpenTable's app, linking diners to CLEAR's digital vaccine card, which securely verifies vaccination status. OpenTable has already helped over 135 million diners during the pandemic, implementing new safety and operational features for restaurants.

CLEAR (NYSE: YOU) has released its shareholder letter detailing its Q2 2021 financial results, available on their Investor Relations website. A conference call is scheduled for today at 8:00 AM (ET) to discuss these results, accessible via toll-free numbers for U.S. and international participants. As of now, CLEAR boasts over 5.6 million members and partnerships at over 100 locations in North America, emphasizing trust and privacy in their identity platform, which is recognized for high security standards.

CLEAR Secure, Inc. (NYSE: YOU) is set to release its second quarter financial results for the period ending June 30, 2021 on August 16, 2021, at approximately 6:30 a.m. ET. A live webcast discussing these results will follow at 8:00 a.m. ET.

Investors can access the call at 877-407-3089 (U.S.) or 215-268-9854 (International). Webcast replays will be available on the investor relations website until August 30, 2021.

Health Pass Partnership Expanded: On July 16, 2021, CLEAR (NYSE: YOU) announced an extension of its Health Pass partnership with Hawaii. This addition allows travelers to upload their CDC vaccination cards via the Hawaii Safe Travels program. The update enables all fully vaccinated adults in the U.S. to travel to Hawaii without a quarantine. With over 5.6 million members and partnerships with major vaccine providers, CLEAR focuses on safety and ease of travel.

On July 9, 2021, CLEAR (NYSE: YOU) announced a partnership with the State of Hawaii to enhance the Health Pass technology for COVID-19 screening and vaccine verification. This allows travelers from the U.S. mainland to easily bypass the 10-day quarantine by utilizing the Health Pass feature. Through the free CLEAR app, users can securely link their vaccination status or negative COVID-19 test results, streamlining their travel process. This initiative supports Hawaii's Safe Travels program, making travel more convenient for those visiting for work or vacation.

CLEAR Secure, Inc. has priced its initial public offering (IPO) of 13,200,000 shares of Class A common stock at $31.00 per share, targeting gross proceeds of approximately $409.2 million. If underwriters exercise their option for an additional 1,980,000 shares, proceeds could reach $470.6 million. The shares will trade on the New York Stock Exchange under the symbol "YOU" starting June 30, 2021. The offering is set to close on July 2, 2021. Proceeds will support Alclear Holdings for general corporate purposes and offering expenses.