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63 /100
HIGH RISK
Score updated Oct 13, 2026

CLNN — Clene Inc. Dilution Risk Tracker

Track CLNN dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, Clene Inc. (CLNN) has a DilutionWatch DilutionScore of 63/100, rated HIGH dilution risk. Clene Inc. has a market capitalization of $47.28M, 12.85M shares outstanding, 29 institutional holders tracked. Stored dilution-related fields include 1.14M outstanding warrants.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
52
💰 Cash Runway
85
📊 Float Risk
25
⚠️ Warrant Exposure
30
🔄 Convertible Debt
85

Dilution Forecast

⛈️
Warning
High probability of dilution event
model est. 43%
🔁 Convertible Conversion model 60%
• Major convertible overhang: 43% potential dilution
• Convertible risk score very high (85/100)
💰 Capital Raise model 35%
• Low cash runway: 4 months remaining
📜 Warrant Exercise model 15%
• Warrant overhang: 8.9% of shares outstanding
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Market Data

Market Cap$47.28M
Shares Outstanding12.85M
Float10.50M
Cash$9.67M
Debt$23.53M
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore63/100DilutionWatch score record
Shares Outstanding12.85MVerified float table or market cache
Public Float10.50MVerified float table or market cache
Market Cap$47.28MMarket data cache
Cash Runway4.5 monthsDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding Warrants1.14MSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 7.

Recent SEC source mix: 4 5, XBRL 2.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↑ 33.8% shares (2026Q1 vs prior)
29 institutional holders · 2.59M shares
#1 VANGUARD CAPITAL MANAGEMENT LLC 616.5K shares
#2 Boxer Capital Management, LLC 477.5K shares
#3 SymBiosis Capital Partners, LLC 431.1K shares
+ 17 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest880.7K
Days to Cover7.5
% of Float8.4%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL WARRANT 2026-08-14
xbrl XBRL CONVERTIBLE 2025-03-24
4 INSIDER TRANSACTION 2026-04-30
4 INSIDER TRANSACTION 2026-04-22
4 INSIDER TRANSACTION 2026-04-17
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual CLNN Dilution Snapshot

Clene Inc. (CLNN) has a DilutionScore of 63/100, rated High dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

CLNN's DilutionScore is currently 63/100 (High risk), with 5 score changes tracked over 89 days. The score deteriorated from 68/100 (High risk).

Period Score Risk Level Duration
Oct 13, 202663/100HIGH1 day
Oct 01 – Oct 12, 202668/100HIGH12 days
Sep 03 – Sep 30, 202676/100CRITICAL28 days
Aug 22 – Sep 02, 202689/100CRITICAL12 days
Aug 14 – Aug 21, 202679/100CRITICAL7 days
Jul 16 – Aug 13, 202690/100CRITICAL29 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

CLNN shares outstanding have increased 8.5% from 11.78M (Mar 2026) to 12.78M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 31, 202612.78M10.50M▲ 0.70%
May 23, 202612.78M10.43M▲ 3.05%
May 16, 202612.78M10.12M▲ 8.49%
May 08, 202611.78M8.56M▲ 1.47%
Apr 16, 202611.78M8.43M▲ 1.79%
Mar 22, 202611.78M8.28M▲ 8.56%
Mar 13, 202611.78M7.63M▲ 4.99%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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