CLEARONE INC

ClearOne, Inc. has entered into a definitive merger agreement with Cortigent, Inc., a wholly-owned subsidiary of Vivani Medical, Inc. Under the terms, Cortigent will become a wholly-owned subsidiary of ClearOne, with Vivani receiving 12,500,000 shares of ClearOne common stock, resulting in Vivani owning 59.4% to 67.5% of the combined entity. ClearOne will be renamed "Cortigent Holdings, Inc." and trade under the ticker "CRGT." The transaction, which includes a planned $10M-$15M financing, is expected to close in Q3 2026, subject to customary closing conditions including stockholder approvals and Nasdaq listing.

ClearOne, Inc. entered into a Loan Agreement with First Finance Ltd. on June 30, 2026, for up to $1,000,000. The loan will be advanced in tranches, starting with an initial $500,000, and carries an 11% annual interest rate. The maturity date is set for December 30, 2026, and the proceeds will be used for general working capital purposes.

ClearOne reported a Q1 2026 net loss of $(487)K, a significant improvement from the $(2,834)K loss in Q1 2025, primarily driven by income from discontinued operations. However, the company's limited continuing operations and ongoing losses raise substantial doubt about its ability to continue as a going concern. During the quarter, ClearOne completed a private placement, raising $1,750K from the sale of common stock and warrants, which helped turn shareholders' equity positive to $532K.

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.

CLEARONE INC entered into a Lease Termination Agreement with Edgewater Corporate Park, LLC, effective April 7, 2026. The agreement terminates the lease for its premises at 5225 Wiley Post Way, Salt Lake City, Utah, which was originally set to expire on April 30, 2028. The company had already vacated the premises on December 17, 2025, and agreed to pay a settlement of $300,000 for future rent obligations and restoration charges.