Exicure announces $10M equity financing from HiTron, Q3 net loss $1.1M, cash $0.3M

EXICURE, INC.

Initial sale of 433,333 shares at $3.00/share to HiTron for $1.3M; closing expected within 10 days.
Subsequent sale of 2.9M shares at $3.00/share for $8.7M, conditioned on stockholder approval.
Upon initial close, HiTron gets right to nominate two board members; additional seats on subsequent close.
Cash and cash equivalents $0.3M as of Sept 30, 2024; company says insufficient to fund operations.
Q3 2024 net loss $1.1M vs $5.3M in Q3 2023; includes $1.5M asset sale revenue and $2M bond write-down in prior year.

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