Clene (CLNN) Prices 50M Share Offering at $0.80/sh

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Go back to Clene (CLNN) Prices 50M Share Offering at $0.80/sh

Clene Announces Pricing of $40 Million Public Offering

June 16, 2023 8:00 AM EDT

SALT LAKE CITY, June 16, 2023 (GLOBE NEWSWIRE) -- Clene Inc. (Nasdaq: CLNN), along with its subsidiaries Clene and its wholly owned subsidiary Clene Nanomedicine, Inc., a clinical-stage biopharmaceutical company focused on revolutionizing the treatment of neurodegenerative disease, today announced the pricing of an underwritten public offering of (i) 50,000,000 shares of its common stock and (ii) two tranches of warrants (each warrant to purchase one share of common stock). The combined offering price to the public of each share of common stock and accompanying warrant is $0.80.

All of the shares of common stock and... More