Kara Anderson

Lisa Springer

Dennis Van Zelfden

Michael Kay

Alan Mitrani

George Melas

Jay Harris

Matthew Greenblatt

Tony Polak

- **ClearOne** completed an **asset sale to Biamp Systems** on **October 24**, transferring intellectual property, product inventories, and customer data, while retaining its public company status and product support obligations.  **[840715_6a135027224340df86015528f31511f4]** 
- This transaction is part of a **strategic plan to eventually sell most or all of its operations**, with the goal of **maximizing shareholder value** and pivoting towards new business opportunities.  **[840715_6a135027224340df86015528f31511f4]** 
- Despite facing **financial challenges**, including a **35% revenue decline and negative EBITDA**, ClearOne maintains a **healthy liquidity position** with a **current ratio of 2.25**.  **[840715_6a135027224340df86015528f31511f4]**

ClearOne Completes Asset Sale to Biamp Systems

CLEARONE (CLRO)