- ClearOne announces a one-time special stock dividend tied to the potential sale of its assets.
- Shares of ClearOne trade higher following the dividend declaration.
- A new wave of value and momentum stocks could be setting up for major moves—and Tim Melvin will name them live this Wednesday. Secure access here.
ClearOne CLRO shares are trading higher. The company announced it will issue a one-time special stock dividend later this month.
What To Know: ClearOne on Tuesday said its board of directors declared a one-time special stock dividend tied to the potential sale of all or substantially all of the company's assets and operations.
The dividend will be issued in the form of one share of Class A Redeemable Preferred Stock for every outstanding share of common stock and equivalent. Upon completion of any asset sale, the preferred stock will be redeemed for 100% of the net proceeds.
The company said the dividend is part of its ongoing strategic process and ClearOne plans to pursue one or more asset sale transactions.
The dividend will be payable on July 18 to shareholders of record as of July 11.
Related Link: Quantum, AI, Nuclear: Three Frontiers, One Launchpad Powered By Defiance ETFs
CLRO Price Action: At the time of writing, ClearOne stock is trading 93.9% higher at $11.15, according to data from Benzinga Pro.
Image: This illustration was generated using artificial intelligence via Midjourney.
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
