09/05/2025 | Press release | Distributed by Public on 09/05/2025 14:53
Item 1.01 Entry into a Material Definitive Agreement.
On September 2, 2025, ClearOne, Inc. (the "Company") entered into a Warrant Repurchase Agreement (the "Agreement") with Intracoastal Capital, LLC ("Intracoastal"), pursuant to which the Company repurchased certain outstanding common stock purchase warrants previously issued to Intracoastal.
The repurchased warrants, issued on September 12, 2021, were exercisable for an aggregate of 6,039 shares of the Company's common stock, par value $0.001 per share. Under the terms of the Agreement, the Company repurchased the warrants for a cash payment of $0.6504 per share underlying the warrants, representing an aggregate purchase price of $3,927.77. Upon settlement of the transaction, the warrants were cancelled and are of no further force or effect.
The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.