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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 11/02/22 Clearone Inc. 8-K:1,9 11/02/22 13:284K Genesis Filings LLC/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 36K 7: EX-10.1 Material Contract HTML 117K 8: R1 DEI Document HTML 46K 11: XML IDEA XML File -- Filing Summary XML 13K 9: XML XBRL Instance -- clro-20221102_htm XML 14K 10: EXCEL IDEA Workbook of Financial Reports XLSX 8K 4: EX-101.CAL XBRL Calculations -- clro-20221102_cal XML 8K 2: EX-101.DEF XBRL Definitions -- clro-20221102_def XML 8K 5: EX-101.LAB XBRL Labels -- clro-20221102_lab XML 50K 3: EX-101.PRE XBRL Presentations -- clro-20221102_pre XML 38K 6: EX-101.SCH XBRL Schema -- clro-20221102 XSD 15K 12: JSON XBRL Instance as JSON Data -- MetaLinks 11± 17K 13: ZIP XBRL Zipped Folder -- 0001753926-22-001414-xbrl Zip 29K
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM i 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): i November 2, 2022 (October 28, 2022)
ClearOne, Inc.
(Exact name of registrant as specified in its charter)
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Delaware |
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i 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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i 5225 Wiley Post Way, Suite 500, i Salt Lake City, i Utah |
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i 84116 |
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(Address of principal executive offices) |
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(Zip Code) |
+1 i (801) i 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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i ☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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i ☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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i ☐ |
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© under the Exchange Act (17 CFR 240.13e-4©) |
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 i ☐
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 |
Trading Symbol(s) |
Name of each exchange on which registered |
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i Common Stock, $0.001 |
i CLRO |
The i NASDAQ Capital Market |
Item 1.01 Entry into a Material Definitive Agreement.
On October 28, 2022, ClearOne, Inc. (the “Company”) obtained a bridge loan in the principal amount of $2,000,000 from Edward D. Bagley (the “Bridge Loan”). Mr. Bagley is an affiliate of the Company and is the beneficial owner of approximately 42.5% of the Company’s issued and outstanding shares of common stock. The Bridge Loan is evidenced by a promissory note dated October 28, 2022 (the “Note”) issued by the Company to Mr. Bagley. The Note bears interests at a rate of 12.0% per annum, or $240,000 (the “Interest Payment”), matures on October 28, 2023 (the “Maturity Date”), and contains other customary covenants and events of default. The Bridge Loan may be prepaid by the Company at any time prior to the Maturity Date, provided, however, that the full amount of the Interest Payment shall be due and payable as if the Bridge Loan remained outstanding through the Maturity Date regardless of the date of prepayment. This description of the Note is qualified entirely by reference to the Note, a copy of which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.
(d) Exhibits
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Exhibit Number |
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Exhibit Title |
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10.1 |
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104.1 |
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The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. |
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: November 2, 2022 |
By: |
/s/ Narsi Narayanan |
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Chief Financial Officer (Principal Accounting and Principal Financial Officer) |
| This ‘8-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
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| 10/28/23 | None on these Dates | |||
| Filed on / For Period end: | 11/2/22 | |||
| 10/28/22 | ||||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 3/31/23 Clearone Inc. 10-K 12/31/22 93:11M Genesis Filings LLC/FA 11/14/22 Clearone Inc. 10-Q 9/30/22 68:6.3M Genesis Filings LLC/FA |