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confidence high
sentiment neutral
materiality 0.50
Exicure announces 1-for-5 reverse stock split to regain Nasdaq compliance
EXICURE, INC.
- Reverse stock split at 1-for-5 ratio effective 5:00 pm ET Aug 27, 2024; trading on split-adjusted basis from Aug 28.
- Outstanding shares reduced from approx. 8.65M to approx. 1.73M; par value unchanged; no fractional shares issued.
- Stockholders approved reverse split range at special meeting Aug 20; board set 1-for-5 ratio same day.
- Split intended to help regain compliance with Nasdaq minimum bid price listing rule; stock continues under ticker XCUR.
- New CUSIP number 30205M309; no change in authorized shares or percentage ownership (except for fractional share rounding).