Clearone INC Schedule 13D activist filings

ClearOne Inc. reports the cancellation of a warrant by First Finance Ltd. as part of a merger agreement, maintaining a significant ownership stake.

First Finance Ltd., with Andrew Hromyk, has acquired a controlling 61.29% stake in ClearOne Inc. through a $1.75 million securities purchase agreement.

First Finance Ltd. and Andrew Hromyk now beneficially own 53.79% of ClearOne Inc.'s common stock after recent transactions.

Edward Dallin Bagley reduced his beneficial ownership in ClearOne Inc. to 8.2% after selling 700,000 shares to company affiliate First Finance Ltd. for $3.00 per share.

First Finance Ltd. and its principal, Andrew Hromyk, have acquired a 32.4% beneficial ownership stake in ClearOne Inc. through a $3 million convertible note purchase, leading to the appointment of two new directors to ClearOne's board.

Edward D. Bagley, a significant shareholder of ClearOne Inc., increased his beneficial ownership to 49.9% of the company's common stock by acquiring an additional 2,000,000 shares in a private placement.