Exicure reports FY 2023 net loss of $16.9M; cash drops to $0.2M; receives $700K loan from stockholder

EXICURE, INC.

Cash and cash equivalents fell to $0.8M at Dec 2023 and further to ~$0.2M by May 31, 2024.
Received $700K loan from DGP Co., Ltd. (significant stockholder) at 6% interest, due in ten months.
Net loss for FY 2023 was $16.9M compared to $2.6M in FY 2022.
R&D expenses dropped to $1.4M from $19.8M due to complete halt of R&D activities.
Management states cash insufficient to fund operations; substantial additional financing needed in very near term.

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