ClearOne sells assets to Biamp for $3mln, unaudited pro forma financials released.

ClearOne, Inc. has sold certain assets, including inventory, developed technology, and related intangible assets, to Biamp Systems, LLC for $3,000,001 in cash. The unaudited pro forma condensed consolidated financial information illustrates the estimated effects of the transaction. The summary focuses on the principal points of the sale, including the amount of cash received and the assets transferred. The information is presented in accordance with Rule 8-05 of Regulation S-X and Article 11 of Regulation S-X.