---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-005405"
form_type: "8-K"
ticker: "CLNN"
cik: "0001822791"
company_name: "Clene Inc."
filed_at: "2023-03-03T23:59:59+00:00"
generated_at: "2026-06-18T13:27:49.579019+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Clene enters $25M equity purchase agreement with Lincoln Park Capital

## Summary
- Lincoln Park commits to buy up to $25M of CLNN common stock over 36 months at company's discretion.
- Company issued 332,668 initial commitment shares as fee; additional commitment shares possible.
- Regular purchases limited to 75,000 shares per day (up to 200,000 if stock price above $4.00).
- Purchase price at 97% of VWAP; proceeds for clinical development of CNM-Au8 and general corporate.
- Issuance capped at 19.99% of outstanding without stockholder approval unless average price above $1.2404.

## SEC filing metadata
- accession: 0001437749-23-005405
- form_type: 8-K
- ticker: CLNN
- cik: 0001822791
- company_name: Clene Inc.
- filed_at: 2023-03-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822791/000143774923005405/0001437749-23-005405-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822791/000143774923005405/clnn20230222_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-005405
- JSON: https://secwatch.observer/filing/0001437749-23-005405.json
- Plain text: https://secwatch.observer/filing/0001437749-23-005405.txt

## Key facts
- Material Agreements
  Clene Inc. entered into Purchase Agreement with Lincoln Park Capital Fund, LLC valued at up to $25,000,000 (effective 2023-03-03).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Lincoln Park Capital Fund, LLC
  - Value: up to $25,000,000
  - Effective: 2023-03-03
  source text: On March 3, 2023, Clene Inc. (the “Company”) entered into a purchase agreement (the “Purchase Agreement”) with Lincoln Park Capital Fund, LLC (“Lincoln Park”), pursuant to which Lincoln Park has committed to purchase up to $25,000,000 of shares (the “Purchase Shares”) of the Company's common stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822791/000143774923005405/0001437749-23-005405-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.