Clene Inc.

For the period ended Dec 31, 2024. Filed Mar 24, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 24, 2025

CLNN$4.38+10.9%Stored close · as of Nov 9, 2026

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Contents

Annual Report on Form 10-K for the Year Ended December 31, 2024

PART I	1
	Item 1.	Business	4
	Item 1A.	Risk Factors	50
	Item 1B.	Unresolved Staff Comments	83
	Item 1C.	Cybersecurity	83
	Item 2.	Properties	86
	Item 3.	Legal Proceedings	86
	Item 4.	Mine Safety Disclosures	86
PART II	87
	Item 5.	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	87
	Item 6.	[Reserved]	87
	Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	88
	Item 7A.	Quantitative and Qualitative Disclosures About Market Risk	103
	Item 8.	Financial Statements and Supplementary Data	104
	Item 9.	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	105
	Item 9A.	Controls and Procedures	105
	Item 9B.	Other Information	106
	Item 9C.	Disclosures Regarding Foreign Jurisdictions that Prevent Inspections	106
PART III	107
	Item 10.	Directors, Executive Officers and Corporate Governance	107
	Item 11.	Executive Compensation	107
	Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	107
	Item 13.	Certain Relationships and Related Transactions, and Director Independence	107
	Item 14.	Principal Accountant Fees and Services	107
PART IV	108
	Item 15.	Exhibit and Financial Statement Schedules	108

ContentsView on SEC.gov

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