Home / Going-concern warnings / Clene Inc.
Filed 2026-05-14 路 Form 10-Q 路 Accession 0001437749-26-016878 micro
Price before filing: $6.5 (2026-05-13 close, split/dividend-adjusted)
Market cap at flag: $82.1M (2026-05-14) 路 Latest: $38.4M (2026-10-16)
| Window | CLNN | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -11.2% | +1.7% | -12.9% | 2026-06-15 |
| 90 days | -37.4% | +4.3% | -41.7% | 2026-08-12 |
| 180 days | pending | pending | until 2026-11-10 |
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 $2.6M (20 sales)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-03-24 | Ugwumba Chidozie 10% owner | Sale | 5,492 | $5.78 | $32K | no | Form 4 |
| 2026-03-25 | Ugwumba Chidozie 10% owner | Sale | 7,098 | $5.50 | $39K | no | Form 4 |
| 2026-03-26 | Ugwumba Chidozie 10% owner | Sale | 5,319 | $5.40 | $29K | no | Form 4 |
| 2026-03-27 | Ugwumba Chidozie 10% owner | Sale | 17,470 | $4.75 | $83K | no | Form 4 |
| 2026-03-30 | Ugwumba Chidozie 10% owner | Sale | 15,536 | $5.10 | $79K | no | Form 4 |
| 2026-03-31 | Ugwumba Chidozie 10% owner | Sale | 67,991 | $4.88 | $332K | no | Form 4 |
| 2026-04-01 | Ugwumba Chidozie 10% owner | Sale | 4,278 | $4.97 | $21K | no | Form 4 |
| 2026-04-02 | Ugwumba Chidozie 10% owner | Sale | 24,925 | $4.81 | $120K | no | Form 4 |
| 2026-04-15 | Ugwumba Chidozie 10% owner | Sale | 6,374 | $6.48 | $41K | no | Form 4 |
| 2026-04-16 | Ugwumba Chidozie 10% owner | Sale | 7,748 | $6.40 | $50K | no | Form 4 |
| 2026-04-17 | Ugwumba Chidozie 10% owner | Sale | 25,040 | $6.43 | $161K | no | Form 4 |
| 2026-04-20 | Ugwumba Chidozie 10% owner | Sale | 4,318 | $6.12 | $26K | no | Form 4 |
| 2026-04-21 | Ugwumba Chidozie 10% owner | Sale | 61,345 | $6.14 | $377K | no | Form 4 |
| 2026-04-28 | Ugwumba Chidozie 10% owner | Sale | 1,591 | $5.90 | $9K | no | Form 4 |
| 2026-04-29 | Ugwumba Chidozie 10% owner | Sale | 12,170 | $5.63 | $69K | no | Form 4 |
| 2026-04-30 | Ugwumba Chidozie 10% owner | Sale | 5,736 | $6.08 | $35K | no | Form 4 |
| 2026-05-01 | Ugwumba Chidozie 10% owner | Sale | 5,795 | $6.01 | $35K | no | Form 4 |
| 2026-05-04 | Ugwumba Chidozie 10% owner | Sale | 72,884 | $6.80 | $496K | no | Form 4 |
| 2026-05-11 | Ugwumba Chidozie 10% owner | Sale | 22,177 | $6.75 | $150K | no | Form 4 |
| 2026-05-12 | Ugwumba Chidozie 10% owner | Sale | 73,296 | $6.20 | $454K | no | Form 4 |
| 2026-05-14: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-02-13 to 2026-06-13. 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 2026-03-31)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
The week's most serious auditor changes, restatements, late filings and going-concern warnings, in plain English. Free. Unsubscribe anytime.
Subscribe to the newsletter →
The signup form didn't load here (often an ad or privacy blocker). This opens beehiiv's secure signup page.
Form not showing? Subscribe on beehiiv →
Newsletter delivered by beehiiv. See our privacy policy.