ClearOne Announces Expiration of Oversubscribed Rights Offering

SALT LAKE CITY, UTAH – December 3, 2018 – ClearOne (NASDAQ: CLRO), a global provider of audio and visual communication solutions, announced today the expiration of the Company’s rights offering (the “Offering”) that was oversubscribed. The subscription period for its previously announced rights offering of common stock at a subscription price of $1.20 per share expired on November 28, 2018, and these rights are no longer exercisable.