By Katherine Hamilton
ClearOne's board declared a one-time special stock dividend aimed at providing legacy stockholders with a 100% stake in the proceeds from any sale of assets or operations. Shares rose 13%, to $6.50, in after-hours trading Monday.
Essa Bancorp received the necessary bank regulatory approval to complete a merger with CNB Financial. The companies previously entered a merger agreement in January. Shares fell 8%, to $17.85, after hours.
Wolfspeed filed for a prepackaged chapter 11 bankruptcy to restructure its debt. Shares were up 92%, to 77 cents, Monday evening.
Quantum Corp. is delaying the release of its fiscal-year 2025 financial results, scheduled for Monday, because it is reviewing accounting related to some contracts. Shares fell 11%, to $8.84, after the market closed.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
June 30, 2025 19:27 ET (23:27 GMT)
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