Clene (CLNN) to effect 1-for-20 reverse stock split on July 11 to regain Nasdaq compliance

Clene Inc.

Reverse stock split effective July 11, 2024; shares reduce from ~128.7M to ~6.4M.
Split intended to meet Nasdaq $1.00 minimum bid price requirement for continued listing.
No fractional shares; cash in lieu based on July 10 closing price.
All outstanding options, warrants, convertible debt adjusted proportionally.
Authorized shares unchanged; par value remains $0.0001 per share.

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