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00:02Clear One shares surged 81.2% on Tuesday after announcing a one-time special stock dividend
00:07tied to a potential sale of the company's assets. The board approved the issuance of
00:11one share of Class A redeemable deferred stock for each outstanding common share.
00:15If an asset sale is depleted, the deferred stock will be redeemed for 100% of the net proceeds.
00:20Dividend is part of Clear One's strategic review process,
00:23which includes exploring one or more asset sale transactions.
00:26Dividend is payable on July 18th to shareholders of record as of July 11th.
00:30For all things money, visit Benzinga.com.
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