Clene signs $10M secured convertible note with affiliates; repays $7.9M Avenue loan

Clene Inc.

Note purchase agreement for $10M principal; 12% fixed interest, 18-month maturity, interest-only first 12 months.
Proceeds used to repay Avenue loan of ~$7.9M in full, including prepayment penalty; previous covenants terminated.
Up to 65% of principal convertible at $5.67/share, a 130% premium to Dec. 17 closing price.
Monthly principal payments of $1M begin month 13; note secured by all assets.
Funding supports generation of additional ALS data for CNM-Au8 NDA via accelerated regulatory pathway.

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