ClearOne, Inc. (CLRO) received a delisting determination letter from the Nasdaq Stock Market on October 8, 2026. The notice was issued because the company failed to regain compliance with Nasdaq's minimum stockholders' equity requirement. ClearOne intends to appeal the decision.
Key Details
- Reason for Non-Compliance: The company did not meet the $2.5 million minimum stockholders' equity requirement as stipulated by Nasdaq Listing Rule 5550(b)(1).
- Company Action: ClearOne plans to request a hearing before a Nasdaq Hearings Panel by October 15, 2026, to appeal the determination. This request will automatically stay any suspension or delisting pending the outcome of the hearing.
- Timeline & Risk: If a hearing is not requested, trading of the company's common stock will be suspended at the market open on October 19, 2026. The company was initially notified of non-compliance on April 7, 2026.