Is CLRO diluting shareholders?

Read three numbers together: shares outstanding over time (2.7M as of 2026-05-15), warrants that can convert into new shares, and how much cash runway remains (~0.623333791397554 months). A company short on cash with live registrations is structurally likely to issue shares.

Where do these numbers come from?

SEC EDGAR only: the XBRL company-facts API for shares, warrants and cash, and filing metadata for registrations and pricings. Every figure shows its source form, and nothing here is estimated by us beyond the arithmetic stated next to it.

Why might a warrant tranche be missing from the table?

The tranche table is built from the dimensions the company tagged in its own 10-Q or 10-K XBRL. A tranche the filer chose not to dimension does not appear, and its absence proves nothing: the exhibits remain the ground truth. Everything shown carries the filing it came from.

Dilution profile // every instrument, one screen, from SEC filings

CLEARONE INC (CLRO)

CIK 840715 · all EDGAR filings →

Overall dilution risk

HIGHworst of 3 computed signals (offering ability)

= the worst band among the computed sub-ratings, no hidden weighting

not every sub-rating was computable; treat as a floor

Offering ability

HIGH$125M registered

= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)

registered capacity, not remaining: amounts already taken down are not subtracted yet

Overhead supply

NOT COMPUTEDno warrant count tagged in XBRL

= warrant shares outstanding divided by current shares outstanding

absence of a tag is not proof of absence of warrants

Historical dilution

LOW-89% O/S in 3y

= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative

a reverse-split-sized cliff is in this window; read the chart

Cash need

HIGH~0.6 months of runway

= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

the company itself flagged going-concern doubt

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

Latest: 2.7M shares as of May 15, 2026 (10-Q). Share count fell from 26.0M to 1.7M between May 15, 2025 and Aug 14, 2025, a pattern consistent with a reverse split (roughly 1-for-15); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

Going-concern warning

auditor flagged substantial doubt

The company itself flagged going-concern doubt in a filing.

Full breakdown: cash runway tool · source filing →

Warrants

Tranche	Warrants	Exercise price	Term	Notes
Note Warrant	not tagged	$5	—	—

Tranches exactly as the company dimensioned them in its 10-K filed Mar 31, 2026 →. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.

Reported exercise price: $2.76 (aggregate figure as tagged; individual tranches vary).

Balance-sheet fair value of warrants: $0 as of Dec 31, 2023.

Convertible notes

Note	Principal	Carrying	Conv. price	Rate	If converted
Convertible Notes Payable	$3.0M	—	not tagged	10%	—

Notes exactly as the company dimensioned them in its 10-Q filed May 15, 2026 →. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.

Registrations and offerings

Registered offering capacity on live registrations: $125.5Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-1Aug 10, 2026$75.5M registeredfiling →

S-3Jun 25, 2026$50.0M registeredfiling →

Last 12 months: 1 executed · 2 registered.

REGISTEREDAug 10, 2026S-1 registration — capacity to sell shares, not a sale yetS-1 →

REGISTEREDJun 25, 2026S-3 registration — capacity to sell shares, not a sale yetS-3 →

EXECUTEDMar 5, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →

EXECUTEDJun 25, 2025Unregistered share sale disclosed (8-K item 3.02)8-K →

EXECUTEDFeb 27, 2025Unregistered share sale disclosed (8-K item 3.02)8-K →

EXECUTEDJan 4, 2022Unregistered share sale disclosed (8-K item 3.02)8-K →

EFFECTIVEOct 6, 2021SEC declared a registration effective — selling can beginEFFECT →

REGISTEREDSep 27, 2021S-3 registration — capacity to sell shares, not a sale yetS-3 →

EXECUTEDSep 13, 2021Unregistered share sale disclosed (8-K item 3.02)8-K →

EFFECTIVEOct 23, 2020SEC declared a registration effective — selling can beginEFFECT →

REGISTEREDOct 15, 2020S-1 registration — capacity to sell shares, not a sale yetS-1 →

EXECUTEDSep 15, 2020Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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