secwatch.observer — SEC 8-K summary
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Issuer:     EXICURE, INC. (XCUR)
CIK:        0001698530
Form:       8-K
Filed at:   2024-11-14T23:59:59+00:00
Accession:  0001698530-24-000116
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 2.02, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698530/000169853024000116/0001698530-24-000116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698530/000169853024000116/xcur-20241112.htm
  HTML page:      https://secwatch.observer/filing/0001698530-24-000116

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