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Stock impact report

ClearOne Announces Closure of Asset Sale Transaction

ClearOne, Inc. (CLRO) 
Last clearone, inc. earnings: 11/8 09:10 am Check Earnings Report
US:NASDAQ Investor Relations: clearone.com/investorrelations
Company Research Source: Business Wire
SALT LAKE CITY--(BUSINESS WIRE)--ClearOne, Inc. (NASDAQ: CLRO), a technology innovator and global competitor in the conferencing, collaboration, and network streaming solutions market, today announced that it has entered into a definitive agreement to sell certain assets to Biamp Systems, LLC, a leading global provider of professional audio-visual solutions. This asset sale is part of ClearOne’s ongoing strategic process and in support of its previously disclosed plan to pursue one or more transactions involving eventual sale of all or substantially all of the Company’s current assets and operations.Under the terms of the agreement, Biamp will acquire intellectual property, product inventory, and customer data among other things. Assets excluded from the sale include the books and records of the ClearOne parent company, the equity of any of the Sellers or the subsidiaries of the Sellers or any assets of ClearOne’s Parent primarily related to ClearOne Parent’s public company status Show less Read more
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