Home / Going-concern warnings / Clene Inc.
Filed 2025-11-13 路 Form 10-Q 路 Accession 0001437749-25-034613 micro
Price before filing: $9.41 (2025-11-12 close, split/dividend-adjusted)
Market cap at flag: $72.0M (2025-11-13) 路 Latest: $38.4M (2026-10-16)
| Window | CLNN | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -33.7% | -0.4% | -33.3% | 2025-12-15 |
| 90 days | -56.1% | +1.6% | -57.7% | 2026-02-11 |
| 180 days | -30.9% | +8.6% | -39.6% | 2026-05-12 |
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 $18K (1 sale)
30 days after: 1 insider sold $1.6M (8 sales)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-08-21 | General Resonance LLC 10% owner | Sale | 3,401 | $5.34 | $18K | no | Form 4 |
| 2025-11-13: red flag filed | |||||||
| 2025-12-03 | Ugwumba Chidozie 10% owner | Sale | 56,577 | $7.86 | $445K | no | Form 4 |
| 2025-12-04 | Ugwumba Chidozie 10% owner | Sale | 72,748 | $6.73 | $490K | no | Form 4 |
| 2025-12-05 | Ugwumba Chidozie 10% owner | Sale | 37,235 | $5.94 | $221K | no | Form 4 |
| 2025-12-08 | Ugwumba Chidozie 10% owner | Sale | 21,463 | $5.70 | $122K | no | Form 4 |
| 2025-12-09 | Ugwumba Chidozie 10% owner | Sale | 15,031 | $5.95 | $89K | no | Form 4 |
| 2025-12-10 | Ugwumba Chidozie 10% owner | Sale | 9,921 | $6.42 | $64K | no | Form 4 |
| 2025-12-11 | Ugwumba Chidozie 10% owner | Sale | 10,907 | $6.81 | $74K | no | Form 4 |
| 2025-12-12 | Ugwumba Chidozie 10% owner | Sale | 7,603 | $6.79 | $52K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-08-15 to 2025-12-13. 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 2025-09-30)
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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