Clene extends maturity of convertible notes to Aug 2027, defers $150k monthly payments

Clene Inc.

Maturity date extended to earlier of Aug 13, 2027 or change in control; monthly principal and interest payments of $150k deferred.
Stockholders approved Amended 2020 Stock Plan, increasing authorized shares by 1,000,000.
Directors elected: Robert Etherington, Shalom Jacobovitz, Alison H. Mosca; Deloitte ratified as auditor.
Conversion price of $4.44 per share; up to 65% of principal convertible, capped at $975k aggregate.
Notes originally issued Aug 13, 2025 for up to $1.5M; security and seniority terms unchanged.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Clene Inc. amended First Amendment to August 2025 Senior Secured Convertible Promissory Notes with AE Capital Limited, A Global Chorus Foundation and Glenn and Shelina Way valued at Extension of maturity date to earlier of August 13, 2027 or change in control; deferral of $150,000 (effective 2026-05-18).

Action: amendment
Agreement: credit facility
Counterparty: AE Capital Limited, A Global Chorus Foundation and Glenn and Shelina Way
Value: Extension of maturity date to earlier of August 13, 2027 or change in control; deferral of $150,000
Effective: 2026-05-18

Exact text from the filing

On May 18, 2026, Clene Inc. (the “Company”) entered into an amendment (the “Amendment”) to the senior secured convertible promissory notes (the “Notes”) with AE Capital Limited, A Global Chorus Foundation and Glenn and Shelina Way.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Clene Inc. shareholders approved Amendment to Clene Inc. Amended 2020 Stock Plan to increase reserved shares by 1,000,000 at the 2026-05-21 meeting.

Proposal: equity plan
Outcome: passed
Meeting: 2026-05-21

Exact text from the filing

4. An amendment to the Clene Inc. Amended 2020 Stock Plan was approved, thus increasing the number of shares of Common Stock reserved for issuance thereunder by 1,000,000 shares, based upon the following votes: For Against Abstained Broker Non-Votes 4,204,336 475,626 15,747 3,057,461

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Clene Inc. shareholders approved Advisory vote on compensation of Named Executive Officers at the 2026-05-21 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2026-05-21

Exact text from the filing

3. The compensation of the Company's Named Executive Officers was approved, on an advisory basis, based upon the following votes: For Against Abstained Broker Non-Votes 3,973,504 660,734 61,471 3,057,461

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Clene Inc. shareholders approved Ratification of appointment of Deloitte & Touche LLP as independent registered public accounting firm for fiscal year 2026 at the 2026-05-21 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2026-05-21

Exact text from the filing

2. The appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for fiscal year 2026 was ratified based upon the following votes: For Against Abstained 7,737,513 11,372 4,285

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Clene Inc. shareholders approved Election of Class III directors at the 2026-05-21 meeting.

Proposal: director election
Outcome: passed
Meeting: 2026-05-21

Exact text from the filing

1. The following nominees were elected to serve as Class III directors until the expiration of their three-year term at the annual meeting of stockholders in 2029, or until their successors are duly elected and qualified, based upon the following votes: For Withheld Broker Non-Votes Robert Etherington 3,904,259 791,450 3,057,461 Shalom Jacobovitz 3,711,448 984,261 3,057,461 Alison H. Mosca 3,675,073 1,020,636 3,057,461

View on SEC.gov

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Clene Inc. filing history →

Source: SEC EDGAR

accession 0001437749-26-018267

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