Home / Going-concern warnings / Clene Inc.
Filed 2025-05-07 路 Form 10-Q 路 Accession 0001437749-25-014918 nano
Price before filing: $2.85 (2025-05-06 close, split/dividend-adjusted)
Market cap at flag: $24.3M (2025-05-07) 路 Latest: $38.4M (2026-10-16)
| Window | CLNN | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +49.1% | +7.2% | +41.9% | 2025-06-06 |
| 90 days | +29.5% | +12.7% | +16.8% | 2025-08-05 |
| 180 days | +320.4% | +23.0% | +297.4% | 2025-11-03 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 1 insider sold $12K (2 sales)
30 days after: 1 insider sold $9K (6 sales)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-03-18 | General Resonance LLC 10% owner | Sale | 1,333 | $4.45 | $6K | no | Form 4 |
| 2025-03-19 | General Resonance LLC 10% owner | Sale | 1,400 | $4.40 | $6K | no | Form 4 |
| 2025-05-07: red flag filed | |||||||
| 2025-05-27 | General Resonance LLC 10% owner | Sale | 420 | $2.45 | $1K | no | Form 4 |
| 2025-05-28 | General Resonance LLC 10% owner | Sale | 420 | $2.60 | $1K | no | Form 4 |
| 2025-05-29 | General Resonance LLC 10% owner | Sale | 410 | $2.73 | $1K | no | Form 4 |
| 2025-05-30 | General Resonance LLC 10% owner | Sale | 410 | $2.80 | $1K | no | Form 4 |
| 2025-06-02 | General Resonance LLC 10% owner | Sale | 600 | $4.12 | $2K | no | Form 4 |
| 2025-06-04 | General Resonance LLC 10% owner | Sale | 600 | $4.04 | $2K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-06 to 2025-06-06. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"These conditions raise substantial doubt about the Company's ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-03-31)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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