Corporate GovernanceApr 23, 2026, 04:46 PM
ClearOne Amends Articles, Authorizes 200M Shares
AI Summary
ClearOne, Inc. filed an amendment to its Articles of Incorporation, outlining its updated capital structure. The company is now authorized to issue a total of 200,000,000 shares. This includes 150,000,000 shares of common stock and 50,000,000 shares of preferred stock, each with a par value of $0.001. The Board of Directors retains the authority to define the specific designations, rights, and terms for any series of preferred stock.
Key Highlights
- Total authorized shares set at 200,000,000.
- 150,000,000 shares designated as Common Stock with $0.001 par value.
- 50,000,000 shares designated as Preferred Stock with $0.001 par value.
- Preferred Stock includes 2,069,065 Class A Redeemable and 5,100 Class B Convertible shares.
- Board of Directors authorized to determine terms for Preferred Stock series.
Price Impact
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