secwatch.observer — SEC 8-K summary
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Issuer:     EXICURE, INC. (XCUR)
CIK:        0001698530
Form:       8-K
Filed at:   2024-09-13T23:59:59+00:00
Accession:  0001698530-24-000101
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 3.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Exicure converts $1M debt to equity at $3/share; regains Nasdaq compliance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698530/000169853024000101/0001698530-24-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698530/000169853024000101/xcur-20240912.htm
  HTML page:      https://secwatch.observer/filing/0001698530-24-000101

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer