false 0001822791 0001822791 2024-07-25 2024-07-25 0001822791 clnn:CommonStock00001ParValueCustomMember 2024-07-25 2024-07-25 0001822791 clnn:WarrantsToAcquireOnehalfOfOneShareOfCommonStockFor1150PerShareCustomMember 2024-07-25 2024-07-25
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 25, 2024
CLENE INC.
(Exact name of registrant as specified in its charter)
 
Delaware
001-39834
85-2828339
(State or other jurisdiction
(Commission File Number)
(IRS Employer
of incorporation)
  
Identification No.)
     
6550 South Millrock Drive, Suite G50
Salt Lake City, Utah
  
84121
(Address of principal executive offices)
  
(Zip Code)
(801) 676-9695
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
  
Trading Symbol(s)
  
Name of each exchange on which registered
Common Stock, $0.0001 par value
  
CLNN
  
The Nasdaq Capital Market
Warrants, to acquire one-half of one share of Common Stock for $11.50 per share
   CLNNW  
The Nasdaq Capital Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
 
On July 25, 2024, Clene Inc. (the “Company”) received a notice from the Nasdaq Stock Market LLC (“Nasdaq”) that for the last 10 consecutive business days, from July 11, 2024 to July 24, 2024, the closing bid price of the Company’s common stock has been at least $1.00 per share or greater. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq and this matter is now closed.
 
1
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
 
     
 
CLENE INC.
   
Date: July 26, 2024
By:
/s/ Robert Etherington
   
Robert Etherington
   
President and Chief Executive Officer
 
2
 
v3.24.2
Document And Entity Information
Jul. 25, 2024
Document Information [Line Items]  
Entity, Registrant Name CLENE INC.
Document, Type 8-K
Document, Period End Date Jul. 25, 2024
Entity, Incorporation, State or Country Code DE
Entity, File Number 001-39834
Entity, Tax Identification Number 85-2828339
Entity, Address, Address Line One 6550 South Millrock Drive, Suite G50
Entity, Address, City or Town Salt Lake City
Entity, Address, State or Province UT
Entity, Address, Postal Zip Code 84121
City Area Code 801
Local Phone Number 676-9695
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity, Emerging Growth Company false
Amendment Flag false
Entity, Central Index Key 0001822791
CommonStock00001ParValue Custom [Member]  
Document Information [Line Items]  
Title of 12(b) Security Common Stock, $0.0001 par value
Trading Symbol CLNN
Security Exchange Name NASDAQ
WarrantsToAcquireOnehalfOfOneShareOfCommonStockFor1150PerShare Custom [Member]  
Document Information [Line Items]  
Title of 12(b) Security Warrants, to acquire one-half of one share of Common Stock for $11.50 per share
Trading Symbol CLNNW
Security Exchange Name NASDAQ
Clene (NASDAQ:CLNN)
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