secwatch.observer — SEC 8-K summary
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Issuer:     Clene Inc. (CLNN)
CIK:        0001822791
Form:       8-K
Filed at:   2024-07-09T23:59:59+00:00
Accession:  0001437749-24-022352
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822791/000143774924022352/0001437749-24-022352-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822791/000143774924022352/clnn20240618_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-022352

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer