Clene Inc. Debt Amendment and Stock Plan Expansion

Clene Inc. filed an 8-K reporting two significant corporate actions. First, on May 18, 2026, the company amended its senior secured convertible promissory notes originally issued on August 13, 2025. The amendment extends the maturity date to August 13, 2027 (or earlier upon a change in control) and defers monthly $150,000 principal and interest payments that were scheduled to begin in September 2026, with the full balance now due at maturity. The notes bear 12% interest and are convertible into common stock at $4.44 per share, with up to 65% of the principal convertible at the holder's option. Second, at the May 21, 2026 annual meeting, shareholders approved an amendment to the company's 2020 Stock Plan, increasing the number of shares available for issuance by 1,000,000 shares. The meeting also resulted in the election of three Class III directors (Robert Etherington, Shalom Jacobovitz, and Alison H. Mosca), ratification of Deloitte & Touche LLP as independent auditor, and approval of executive compensation.