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): October 14, 2026
ClearOne, Inc.
(Exact name of registrant as specified in its charter)
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Nevada
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001-33660
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87-0398877
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(State or Other Jurisdiction of Incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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7533 S Center View Ct. # 5311, West Jordan, Utah
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84084
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(Address of principal executive offices)
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(Zip Code)
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+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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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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:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, $0.001
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CLRO
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The NASDAQ Capital Market
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Item 1.01 Entry into a Material Definitive Agreement.
On
October 14, 2026, ClearOne, Inc. (the "Company") entered into a Loan
Agreement (the "Loan Agreement") with First Finance Ltd. ("First
Finance"), effective as of October 7, 2026, pursuant to which First
Finance agreed to lend the Company $200,000 in the aggregate (the
"Loan").
The
material terms of the Loan Agreement are as follows:
Principal Amount. The aggregate principal amount of the Loan is $200,000..
Interest Rate. The Loan is non-interest bearing, including during an event of default
(an “Event of Default”). No interest will accrue or be payable on any overdue
amounts owing under the Loan Agreement.
Repayment. The Loan is repayable at
such time to be determined and mutually agreed upon in writing by the Company
and First Finance.
Prepayment.
The Company may
prepay all or any portion of the outstanding indebtedness at any time without
notice, bonus or penalty.
Events of Default. The Loan Agreement contains customary events of default, including
failure to pay amounts owing under the Loan Agreement when due and payable,
subject to a five-business-day cure period, assignment for the benefit of
creditors, liquidation or dissolution, appointment of a receiver over the
Company or any material part of its assets, and bankruptcy proceedings.
Following certain Events of Default, the outstanding indebtedness becomes due
and payable upon demand by First Finance, and, in the case of certain specified
Events of Default, automatically and immediately without further action by
First Finance.
Governing Law. State of Nevada.
The
Company expects to use the proceeds of the Loan for general working capital
purposes.
The foregoing description of the Loan Agreement
does not purport to be complete and is qualified in its entirety by reference
to the full text of the Loan Agreement, a copy of which is filed as Exhibit
10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 2.03 Creation of a Direct Financial
Obligation or an Obligation under and Off-Balance Sheet Arrangement of a
registrant.
The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
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Exhibit Number
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Exhibit Title
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| 10.1 |
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Loan Agreement, dated as of October 14, 2026, by and between ClearOne, Inc. and First Finance Ltd. |
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104
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The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.
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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.
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CLEARONE, INC.
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Date: October 14, 2026
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By:
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/s/ Simon Brewer
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Simon Brewer
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Chief Financial Officer
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