ClearOne is trading at $2.64, down 11.71%, with Nasdaq’s delisting decision the clearest company-specific explanation for the decline.
- Nasdaq staff determined ClearOne failed the $2.5 million stockholders’ equity requirement and decided to delist its securities.
- The company intended to request a hearing by October 15; a timely request would stay suspension or delisting during the appeal process. Technology and major indexes were higher.