Weekly Recap: $1M loan facility and reverse merger to form Cortigent

ClearOne, Inc. (NASDAQ:CLRO) secured a six‑month $1.0M loan facility with First Finance and immediate $500K liquidity while agreeing to a reverse merger into Cortigent Holdings—expected to list as CRGT post‑Q3 2026—where Vivani will hold ~59–68% and ClearOne will raise $10–15M.

Previous Week Recap

• ClearOne Secures $1M Loan: ClearOne (CLRO) secured a six-month $1.0M loan facility with First Finance, allowing a $500K initial draw plus up to $250K tranches, 11% APR, maturing Dec 30, 2026.
• ClearOne, Cortigent Reverse Merger: ClearOne agreed to a reverse merger with Cortigent; surviving firm to be Cortigent Holdings, expected Nasdaq ticker CRGT after Q3 2026 close. Vivani to own ~59–68%; ClearOne raises $10–15M.

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