# EDGAR Filing Document

**Accession Number:** 0000840715
**File Stem:** 0001753926-25-001049
**Filing Date:** 2025-7
**Character Count:** 12379
**Document Hash:** df46f9c3e33a326205dd1e59b9f5584d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001753926-25-001049.hdr.sgml**: 20250701

**ACCESSION NUMBER**: 0001753926-25-001049

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250701

**DATE AS OF CHANGE**: 20250701

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CLEARONE INC
- **CENTRAL INDEX KEY:** 0000840715
- **STANDARD INDUSTRIAL CLASSIFICATION:** TELEPHONE & TELEGRAPH APPARATUS [3661]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 870398877
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-41980
- **FILM NUMBER:** 251096313

**BUSINESS ADDRESS:**
- **STREET 1:** 5225 WILEY POST WAY
- **STREET 2:** SUITE 500
- **CITY:** SALT LAKE CITY
- **STATE:** UT
- **ZIP:** 84116
- **BUSINESS PHONE:** 8019757200

**MAIL ADDRESS:**
- **STREET 1:** 5225 WILEY POST WAY
- **STREET 2:** SUITE 500
- **CITY:** SALT LAKE CITY
- **STATE:** UT
- **ZIP:** 84116

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CLEARONE COMMUNICATIONS INC
- **DATE OF NAME CHANGE:** 20020204

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GENTNER COMMUNICATIONS CORP
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GENTNER ELECTRONICS CORP
- **DATE OF NAME CHANGE:** 19910808
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** First Finance Ltd.
- **CENTRAL INDEX KEY:** 0002057383

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** CA

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D

**BUSINESS ADDRESS:**
- **STREET 1:** 620 NEWPORT CENTER DRIVE
- **STREET 2:** SUITE 1100
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660
- **BUSINESS PHONE:** 949-730-5577

**MAIL ADDRESS:**
- **STREET 1:** 620 NEWPORT CENTER DRIVE
- **STREET 2:** SUITE 1100
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660

## Exhibit 99.1

**Exhibit 99.1**

****

<br> **JOINT FILING AGREEMENT**

This Joint Filing Agreement, dated July 1, 2025, is entered into by and between First Finance Ltd., a California corporation and Andrew Hromyk, a citizen of Canada (collectively referred to herein as (the "Filers"). Each of the Filers may be required to file with the U.S. Securities and Exchange Commission a statement on Schedule 13D with respect to shares of common stock, $0.001 par value per share, of ClearOne, Inc. beneficially owned by them from time to time. Pursuant to and in accordance with Rule 13(d)(1)(k) promulgated under the Securities Exchange Act of 1934, as amended, the Filers hereby agree to file a single statement on Schedule 13G and/or 13D (and any amendments thereto) on behalf of each of such parties, and hereby further agree to file this Joint Filing Agreement as an exhibit to such statement, as required by such rule. This Joint Filing Agreement may be terminated by any of the Filers upon one week's prior written notice or such lesser period of notice as the Filers may mutually agree.

---

| | | |
|:---|:---|:---|
| July 1, 2025 | **Andrew Hromyk** | **Andrew Hromyk** |
|  | */s/ Andrew Hromyk* | */s/ Andrew Hromyk* |
|  | Andrew Hromyk | Andrew Hromyk |
|  | <br> **First Finance Ltd.** | <br> **First Finance Ltd.** |
|  | */s/ Andrew Hromyk* | */s/ Andrew Hromyk* |
|  | Name: | Andrew Hromyk |
|  | Title: | Principal  |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**CLEARONE INC**

*(Name of Issuer)*

**COMMON STOCK, PAR VALUE $.001 PER SHARE**

*(Title of Class of Securities)*

**18506U203**

*(CUSIP Number)*

**Soumya Cheedi**<br>c/o Sichenzia Ross Ference Carmel LLP<br>1185 Avenue of the Americas, 31st floor<br>New York NY 10036<br>646-661-5099

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**06/20/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **18506U203** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**First Finance Ltd.** | Name of reporting person<br>**First Finance Ltd.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**832224.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**832224.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**832224.00** | Aggregate amount beneficially owned by each reporting person<br>**832224.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**32.4%** | Percent of class represented by amount in Row (11)<br>**32.4%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

| **CUSIP No.** | **18506U203** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**HROMYK ANDREW** | Name of reporting person<br>**HROMYK ANDREW** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**ISRAEL** | Citizenship or place of organization<br>**ISRAEL** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**832224.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**832224.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**832224.00** | Aggregate amount beneficially owned by each reporting person<br>**832224.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**32.4%** | Percent of class represented by amount in Row (11)<br>**32.4%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Percent of class is owned is based upon an aggregate of 1,734,249 shares of common stock issued and outstanding on June 27, 2025, according to information provided by the Issuer. This calculation does not include the exercise or conversion of other outstanding securities of the Company owned by other security holders, but assumes (i) conversion of the Note dated June 20, 2025 issued to First Finance Ltd. and underlying Class B Convertible Preferred Stock, $0.001 par value per share, of the Issuer (the "Class B Preferred Stock") convertible into 499,334 shares of common stock and (ii) up to 332,889 common shares issuable upon conversion of up to $2 million additional shares of Class B Preferred Stock that First Finance Ltd. has the option to purchase at its sole discretion.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
COMMON STOCK, PAR VALUE $.001 PER SHARE

**(b) Name of Issuer:**
CLEARONE INC

**(c) Address of Issuer's Principal Executive Offices:**
5225 WILEY POST WAY, SUITE 500, SALT LAKE CITY, UT, 84116

**Item 4. Purpose of Transaction**

On June 20, 2025 First Finance Ltd. purchased $3,000,000 of convertible notes of the Company (the "Notes") in a private placement transaction (the "Offering"). The Notes are convertible into a newly designated series of Class B Convertible Preferred Stock, $0.001 par value per share, of the Company (the "Class B Preferred Stock") at a conversion price of $1,000 per share of Class B Preferred Stock. The number of shares of Common Stock issuable upon conversion of each share of Class B Preferred Stock shall be calculated by dividing $1,000 by  $6.008.

First Finance Ltd. may, at its sole option, purchase up to $2 million additional shares of Class B Preferred Stock at a purchase price of $1,000 per share.

In connection with the entry into the Purchase Agreement by the parties, the Company's Board of Directors (the "Board") expanded the size of the Board from four to five members (with two current vacancies after such expansion) and appointed Eric Boehnke and Youngsun Park, a/k/a Sunny Park, to the Board as nominees of First Finance Ltd. each to serve as directors of the Company until the next annual meeting of stockholders and until their respective successors are elected and qualified or until their earlier death, resignation or removal.

For so long as the Note remains outstanding, or upon conversion of the Note, for so long as the underlying Series B Preferred Stock is issued and outstanding and beneficially owned by First Finance Ltd., First Finance Ltd. shall have the right to nominate two persons to the Board, and the Issuer shall recommend that its stockholders vote in favor of such nominees at any annual or special election of stockholders at which directors shall be elected.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Mr. Hromyk beneficially owns 832,224 shares of the Issuer's common stock, resulting from Mr. Hromyk's pecuniary interest in First Finance Ltd. Based upon an aggregate of 1,734,249  shares of common stock issued and outstanding as of June 27, 2025, according to information provided by the Issuer, the shares of the Issuer's common stock beneficially owned by Mr. Hromyk constitute approximately 32.4% of the common stock of the Issuer as calculated in accordance with Rule 13d-3(d)(1).

**(b)**
First Finance Ltd. beneficially owns 832,224 shares of the Issuer's common stock. Mr. Hromyk beneficially owns 832,224 shares of the Issuer's common stock, resulting from Mr. Hromyk's pecuniary interest in First Finance Ltd.

**(c)**
Except as set forth in Item 3 above, the Reporting Persons have not effected any other transactions in any securities of the Issuer in the past 60 days.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

N/A

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** First Finance Ltd.

**Signature:** /s/ Andrew Hromyk

**Name/Title:** Andrew Hromyk, Principal

**Date:** 07/01/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** HROMYK ANDREW

**Signature:** /s/ Andrew Hromyk

**Name/Title:** Andrew Hromyk, Self

**Date:** 07/01/2025