ClearOne is trading 11.30% lower at $3.33 as investors react to Nasdaq’s October 8 determination that it failed the $2.5 million stockholders’ equity requirement.
- ClearOne plans to request a hearing by October 15; without one, trading suspension could begin October 19.
- The listing risk follows an 8.96% decline on October 13. Hotter-than-expected inflation and weakness across technology stocks are additional market headwinds.