Clene Inc. (NASDAQ:CLNN) reported several corporate developments this week.
On Monday, Clene amended its senior secured convertible promissory notes issued to AE Capital Limited, A Global Chorus Foundation, and Glenn and Shelina Way. The maturity date was extended to August 13, 2027. Monthly principal and interest payments of $150,000 have been deferred.
The company carries total debt of $22.05 million against a market capitalization of $85.23 million. Bond.az data shows the company is quickly burning cash, with negative EBITDA of $19.62 million over the last twelve months.
At its annual meeting Thursday, shareholders approved an amendment to the 2020 Stock Plan, increasing shares reserved by 1,000,000.
Shareholders also elected Robert Etherington, Shalom Jacobovitz, and Alison H. Mosca as directors until 2029.
Deloitte & Touche LLP was ratified as independent auditor for fiscal 2026.
Shareholders approved executive compensation on an advisory basis.
