secwatch.observer — SEC 8-K summary
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Issuer:     Clene Inc. (CLNN)
CIK:        0001822791
Form:       8-K
Filed at:   2023-06-02T23:59:59+00:00
Accession:  0001437749-23-016474
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Clene receives Nasdaq deficiency notice for bid price below $1.00
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- Nasdaq notified Clene on May 31, 2023 that common stock failed Minimum Bid Price Requirement for 30 consecutive business days.
- Company has 180 calendar days, until November 27, 2023, to regain compliance by closing at $1.00 or more for 10 consecutive business days.
- If non-compliant by deadline, Clene may qualify for a second 180-day period if it meets other listing standards and intends to cure via reverse stock split.
- Clene will monitor bid price and consider options but cannot assure compliance; stock continues trading under symbol CLNN.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822791/000143774923016474/0001437749-23-016474-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822791/000143774923016474/clnn20230531_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-016474

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