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Stock impact report

IBN Coverage: Clene (NASDAQ: CLNN) Closes on Direct Offering, Concurrent Private Placements Totaling $7.3M [Yahoo! Finance]

Clene Inc. (CLNN) 
Company Research Source: Yahoo! Finance
LOS ANGELES, CA - ( NewMediaWire ) - October 3, 2024 - Clene (NASDAQ: CLNN) , a late clinical-stage biopharmaceutical company focused on improving mitochondrial health and protecting neuronal function to treat neurodegenerative diseases, and its wholly owned subsidiary, Clene Nanomedicine Inc., has closed on a registered direct offering and concurrent private placements. According to the announcement, the transactions consist of common stock and warrants and were with a healthcare-focused institutional investor and existing shareholders, including insiders. Gross proceeds of the offerings and placements totaled an estimated $7.3 million with the potential for additional capital through the future exercise of warrants. Clene also announced the amendment of its existing debt facility with Avenue Venture Opportunities Fund, L.P. "We are appreciative for the support of both our new healthcare-focused institutional investor as well as existing shareholders, including insiders," said Cle Show less Read more
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