ClearOne entered into a Loan Agreement to bolster working capital. The facility provides up to $1.0 million in tranches, with a $500,000 initial draw and additional $250,000 tranches, bearing interest at 11% per annum and maturing Dec 30, 2026. The company may prepay at any time if not in default, and customary default provisions apply.
Agreement details:
- Agreement type: Six-month loan facility up to $1,000,000, advanced in tranches
- Counterparty: First Finance
- Signed / Effective: Jun 30 2026 / same
- Duration / Termination: 6 months (matures Dec 30 2026)
- Reason: Provide working capital liquidity
Original SEC Filing:
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