ClearOne hit with Nasdaq notice, ends office lease

ClearOne, Inc. disclosed three key actions.

(Moderate)

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Form Type

8-K

Rhea-AI Filing Summary

ClearOne, Inc. disclosed three key actions. First, Nasdaq notified the company on April 7, 2026 that it no longer meets any of the alternative continued listing standards under Rule 5550(b), and ClearOne has until May 22, 2026 to submit a compliance plan.

The company also entered a lease termination agreement for its former Salt Lake City corporate offices, paying a $300,000 fee in exchange for release from future obligations, including about $376,359 in rent and $53,240 in restoration charges.

Separately, the board approved mandatory redemption of all Class A Redeemable Preferred Stock on April 21, 2026 at their $0.001 par value per share, with the aggregate redemption price to be deposited with the transfer agent around April 14, 2026.

Insights

Nasdaq noncompliance is the most material development; other actions are secondary.

ClearOne received a Nasdaq notice that it is out of compliance with all alternative continued listing standards under Rule 5550(b). The company must submit a compliance plan by May 22, 2026, and Nasdaq may grant up to a 180-day exception to October 4, 2026.

Losing compliance with continued listing requirements is a significant risk because it can ultimately lead to delisting from the Nasdaq Capital Market if not remedied. Delisting typically reduces trading liquidity and may limit access to some investors and index participation, although the actual outcome depends on Nasdaq’s decisions and the company’s plan.

The lease termination and preferred share redemption are relatively smaller, tactical steps. The lease action trades a $300,000 payment for relief from specified future obligations, while redeeming Class A Preferred Stock at $0.001 per share simplifies that layer of the capital structure. Neither changes overall performance, but the listing issue directly affects where the stock can trade.

8-K Event Classification

4 items: 1.01, 3.01, 8.01, 9.01

4 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing Securities

The company received a delisting notice, failed to satisfy a continued-listing rule or standard, or transferred its listing.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Lease termination fee: $300,000 Future rent obligations released: $376,359 Restoration charges released: $53,240 +3 more

6 metrics

Lease termination fee $300,000 Paid to end corporate office lease at 5225 Wiley Post Way

Future rent obligations released $376,359 Approximate rent obligations forgiven under lease termination

Restoration charges released $53,240 Estimated restoration charges from which company is released

Compliance plan deadline May 22, 2026 45 days from April 7, 2026 Nasdaq notice

Maximum compliance extension October 4, 2026 Up to 180 days from April 7, 2026 if plan accepted

Preferred share redemption price $0.001 per share Par value for Class A Redeemable Preferred Stock on April 21, 2026

Key Terms

Material Definitive Agreement, Nasdaq Marketplace Rule 5550(b), continued listing standards, Class A Redeemable Preferred Stock, +1 more

5 terms

Material Definitive Agreement regulatory

"Item 1.01 Entry into a Material Definitive Agreement."

A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.

Nasdaq Marketplace Rule 5550(b) regulatory

"not in compliance with any of the alternative continued listing standards under set forth in Nasdaq Marketplace Rule 5550(b)"

continued listing standards regulatory

"not in compliance with any of the alternative continued listing standards under set forth in Nasdaq Marketplace Rule 5550(b)"

Ongoing rules a stock exchange requires a listed company to meet to keep its shares trading publicly, such as minimum share price, market value, timely financial reports, and governance practices. Think of it as a membership checklist for a club: falling short can lead to warnings or removal from the exchange, which can sharply reduce liquidity, investor confidence, and a stock’s value. Investors watch these standards to gauge regulatory risk and the stability of their holdings.

Class A Redeemable Preferred Stock financial

"redemption of all issued and outstanding shares of the Company’s Class A Redeemable Preferred Stock"

Certificate of Designation regulatory

"in accordance with Section 2 of the Certificate of Designation of the Class A Preferred Shares"

A certificate of designation is a formal document that spells out the specific rights and rules attached to a particular class or series of stock, usually preferred shares. Think of it as a rulebook or menu that lists dividend terms, liquidation priority, conversion or redemption rights and any special voting protections; investors use it to judge how much income, control or downside protection those shares will provide compared with other securities.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What Nasdaq listing issue did ClearOne (CLRO) disclose?

ClearOne received a Nasdaq notice on April 7, 2026 stating it is not in compliance with any alternative continued listing standards under Rule 5550(b). The company has until May 22, 2026 to submit a compliance plan and may receive up to 180 days to regain compliance.

How long does ClearOne (CLRO) have to regain Nasdaq compliance?

ClearOne must submit a compliance plan to Nasdaq by May 22, 2026, which is 45 days from the April 7, 2026 notice. If Nasdaq accepts the plan, it can grant up to 180 days from April 7, 2026, until October 4, 2026, for the company to regain compliance.

What lease termination payment did ClearOne (CLRO) agree to make?

ClearOne agreed to pay a $300,000 termination fee to end its lease for corporate offices at 5225 Wiley Post Way in Salt Lake City, Utah. In return, the landlord releases the company from future obligations, including about $376,359 in rent and $53,240 in restoration charges.

What preferred shares is ClearOne (CLRO) redeeming and at what price?

ClearOne’s board approved redeeming all issued and outstanding Class A Redeemable Preferred Stock on April 21, 2026. The redemption price equals the par value of $0.001 per share. Fractional amounts will be rounded up to the nearest whole cent under the certificate of designation terms.

When will ClearOne (CLRO) fund the redemption of its Class A Preferred Stock?

On or about April 14, 2026, ClearOne plans to deposit the aggregate redemption price with Colonial Stock Transfer Company, its registrar and transfer agent. Around April 13, 2026, Colonial will send redemption notices to holders detailing the redemption price calculation and terms.

Which office lease did ClearOne (CLRO) terminate and why is it notable?

ClearOne terminated the lease for its corporate offices at 5225 Wiley Post Way in Salt Lake City, Utah by paying a $300,000 fee. The landlord then released the company from future rent of about $376,359 and estimated restoration charges of $53,240 tied to that location.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/13/2026 - 04:15 PM

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): April 13, 2026 (April 7, 2026)

ClearOne, Inc.

(Exact name of registrant as specified in its charter)

Delaware		001-33660		87-0398877
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

7533 S Center View Ct. # 5311, West Jordan, Utah		84084
(Address of principal executive offices)		(Zip Code)

+1 (801) 975-7200

(Registrant’s telephone number, including area code)

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communication pursuant to Rule 13e-4© under the Exchange Act (17 CFR 240.13e-4©)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities Registered Pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.001	CLRO	The NASDAQ Capital Market

Item 1.01 Entry into a Material Definitive Agreement.

On April 7, 2026, ClearOne, Inc. (the “Company”) entered into a lease termination agreement (the “Termination Agreement”) with Edgewater Corporate Park, LLC (the “Landlord”) pursuant to which the Company terminated its lease for its corporate offices located at 5225 Wiley Post Way in Salt Lake City, Utah for a $300,000 termination fee (the “Termination Fee”). Upon payment of the Termination Fee, the Landlord agreed to release the Company from all future performance and payment obligations under the lease, including approximately $376,359 in rent and $53,240 in restoration changes.

The foregoing description of the Termination Agreement is qualified entirely by reference to the Termination Agreement which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On April 7, 2026, the Company received a letter (the “Notice”) from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market (“Nasdaq”) informing the Company that the Company is not in compliance with any of the alternative continued listing standards under set forth in Nasdaq Marketplace Rule 5550(b) (the “Continued Listing Requirements”).

In accordance with Nasdaq Marketplace Rule 5810(c)(2)(A), the Company has a period of 45 calendar days from April 7, 2026, or until May 22, 2026, to submit to Nasdaq a plan to regain compliance with the Continued Listing Requirements (the “Compliance Plan”). If Nasdaq in its discretion accepts the Company’s Compliance Plan, Nasdaq can grant an exception of up to 180 calendar days from April 7, 2026, or until October 4, 2026, for the Company to regain compliance with the Continued Listing Requirements. The Company intends to submit its Compliance Plan to Nasdaq prior to May 22, 2026.

Item 8.01 Other Events.

On April 10, 2026, the Company’s Board of Directors approved the redemption (the “Redemption”) of all issued and outstanding shares of the Company’s Class A Redeemable Preferred Stock, par value $0.001 per share (the “Class A Preferred Shares”) on April 21, 2026 (the “Redemption Date”) at a redemption price per share equal to the $0.001 par value per share of the Class A Preferred Shares. All fractional amounts will be rounded up to the nearest whole cent. The Redemption is mandatory under the terms and conditions of Section 2 of the Certificate of Designation of the Class A Preferred Shares. On or about April 14, 2026, the Company will deposit the aggregate Redemption Price with Colonial Stock Transfer Company, Inc., the Company’s registrar and transfer agent (“Colonial”). Also on or about April 13, 2026, Colonial will deliver of notice of Redemption to all holders of the Class A Preferred Shares that includes the calculation of the Redemption Price in accordance with Section 2 of the Certificate of Designation of the Class A Preferred Shares.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit Number		Exhibit Title
10.1		Lease Termination Agreement dated as of April 7, 2026 by and between Edgewater Corporate Park, LLC and the Company.
104.1		The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	CLEARONE, INC.

Date:April 13, 2026	By:	/s/ Simon Brewer
		Simon Brewer
		Chief Financial Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

6 documents

ClearOne hit with Nasdaq notice, ends office lease

Rhea-AI Filing Summary