secwatch.observer — SEC 8-K summary
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Issuer:     EXICURE, INC. (XCUR)
CIK:        0001698530
Form:       8-K
Filed at:   2022-10-31T23:59:59+00:00
Accession:  0001698530-22-000075
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Exicure clarifies CBI USA's right to designate majority board after private placement closing
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- Side letter confirms CBI USA can designate majority of Exicure's board immediately after private placement closing.
- Director designation rights may be exercised by CBI USA with affiliates and any group, subject to Nasdaq Rule 5640.
- Exicure will use reasonable best efforts to regain and maintain Nasdaq listing compliance at closing.
- Side letter dated Oct 31, 2022 supplements Sep 26 Securities Purchase Agreement for 3.4M shares at $1.60/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698530/000169853022000075/0001698530-22-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698530/000169853022000075/xcur-20221031.htm
  HTML page:      https://secwatch.observer/filing/0001698530-22-000075

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