---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-002692"
form_type: "8-K"
ticker: "CLNN"
cik: "0001822791"
company_name: "Clene Inc."
filed_at: "2024-01-31T23:59:59+00:00"
generated_at: "2026-06-06T14:02:15.939894+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Clene receives Nasdaq extension to July 29, 2024 to cure $1 bid price deficiency; reverse split considered

## Summary
- Company failed to regain compliance by original Jan 29, 2024 deadline for minimum $1/share bid price.
- Nasdaq granted additional 180-day period until July 29, 2024; shares continue trading on Nasdaq under CLNN.
- Clene intends to cure deficiency, including via a reverse stock split if necessary.
- If bid price does not close at $1.00+ for 10 consecutive business days by July 29, 2024, delisting may occur.
- Company must also maintain market value of publicly held shares and other listing requirements.

## SEC filing metadata
- accession: 0001437749-24-002692
- form_type: 8-K
- ticker: CLNN
- cik: 0001822791
- company_name: Clene Inc.
- filed_at: 2024-01-31T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822791/000143774924002692/0001437749-24-002692-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822791/000143774924002692/clnn20240130_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-002692
- JSON: https://secwatch.observer/filing/0001437749-24-002692.json
- Plain text: https://secwatch.observer/filing/0001437749-24-002692.txt

## Key facts
- Listing & Compliance Notices
  Clene Inc. received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
  - Exchange: nasdaq
  - Notice: extension granted
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2), 5810(c)(3)(A)
  source text: January 30, 2024, the Company received a notice from Nasdaq that, while the Company has not regained compliance with the Minimum Bid Price Requirement, in accordance with Nasdaq Listing Rule 5810(c)(3)(A), it is eligible for an additional 180 calendar day period, or until July 29, 2024, to regain compliance with the Minimum Bid Price Requirement (the “January Notice”). The January Notice has no immediate effect on the listing of the Company’s common stock and its common stock will continue to be listed on the Nasdaq Capital Market under the symbol “CLNN.” Nasdaq’s determination to grant an add
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822791/000143774924002692/0001437749-24-002692-index.htm

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