other material
confidence high
sentiment positive
materiality 0.70
Exicure converts $1M debt to equity at $3/share; regains Nasdaq compliance
EXICURE, INC.
- Converted $700K promissory note from DGP Co., Ltd. into 237,233 shares at $3.00/share.
- Converted $300K promissory note from individual holder into 101,991 shares at $3.00/share.
- DGP is largest shareholder (~35% ownership pre-conversion); shares issued unregistered under Section 4(a)(2).
- Regained Nasdaq minimum bid price compliance after closing bid ≥ $1.00 for 10 consecutive sessions.