SCHEDULE: AWM Investment Company Discloses 4.7% Stake in Clene Inc.

AWM Investment Company, Inc. has filed an amended Schedule 13G, reporting beneficial ownership of 4.7% of Clene Inc.'s common stock.

Summary

• AWM Investment Company, Inc. (AWM) has filed an Amendment No. 3 to Schedule 13G, disclosing its beneficial ownership in Clene Inc.
• AWM, acting as an investment adviser, holds sole voting and investment power over warrants to purchase an aggregate of 500,000 shares of Clene Inc. common stock.
• This beneficial ownership represents 4.7% of the total class of Clene Inc.'s common stock.
• The warrants are held across three funds advised by AWM: Special Situations Cayman Fund, L.P. (80,879 shares), Special Situations Fund III QP, L.P. (269,121 shares), and Special Situations Life Sciences Fund, L.P. (150,000 shares).
• The filing states the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: Neutral, as this is a routine disclosure of beneficial ownership by an institutional investor, without specific positive or negative implications for the issuer's performance or strategy.

Positives

• AWM Investment Company, Inc. maintains a significant institutional stake in Clene Inc., indicating continued investor interest.

Risks

• The warrants held by AWM's advised funds are subject to an exercise limitation, meaning they can only be exercised to the extent that the total number of common shares then beneficially owned does not exceed 9.99% of the outstanding shares.

Future Outlook

NA

Management Comments

• AWM Investment Company, Inc. certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of Clene Inc., nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 240.14a-11.

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake in the company, confirming a notable investor's position.

Key Dates

Keywords

Clene Inc., AWM Investment Company, Schedule 13G, Beneficial Ownership, Common Stock, Warrants, Institutional Investor, Equity Stake