ClearOne Shares Jump 81% After Announcing Special Stock Dividend 📈

ClearOne shares surged 81.2% on Tuesday after announcing a one-time special stock dividend tied to a potential sale of the company's assets. The board approved the issuance of one share of Class A Redeemable Preferred Stock for each outstanding common share. If an asset sale is completed, the preferred stock will be redeemed for 100% of the net proceeds. The dividend is part of ClearOne’s strategic review process, which includes exploring one or more asset sale transactions. The dividend is payable on July 18 to shareholders of record as of July 11.