---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-038152"
form_type: "8-K"
ticker: "CLNN"
cik: "0001822791"
company_name: "Clene Inc."
filed_at: "2024-12-20T23:59:59+00:00"
generated_at: "2026-05-29T00:26:23.552837+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-038152
- form_type: 8-K
- ticker: CLNN
- cik: 0001822791
- company_name: Clene Inc.
- filed_at: 2024-12-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822791/000143774924038152/0001437749-24-038152-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822791/000143774924038152/clnn20241217_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-038152
- JSON: https://secwatch.observer/filing/0001437749-24-038152.json
- Plain text: https://secwatch.observer/filing/0001437749-24-038152.txt

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