secwatch.observer — SEC 8-K summary
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Issuer:     EXICURE, INC. (XCUR)
CIK:        0001698530
Form:       8-K
Filed at:   2024-12-17T23:59:59+00:00
Accession:  0001698530-24-000139
Event type: regulatory
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Exicure raises $12M via stock sales to regain Nasdaq equity compliance; pro forma equity ~$4.3M
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- Sold 433K shares to HiTron Systems at $3/share for $1.3M net proceeds on Nov 21, 2024.
- Agreed to sell 2.9M additional shares to HiTron at $3/share for $8.7M, approved by shareholders on Dec 17, 2024.
- Sold 433,332 shares to SangSang at $4.61/share for ~$2M net proceeds on Dec 12, 2024.
- Pro forma stockholders' equity rose from $1.18M (Oct 31) to $4.29M, exceeding the $2.5M Nasdaq minimum.
- Company awaits Nasdaq confirmation of compliance with the Equity Requirement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698530/000169853024000139/0001698530-24-000139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698530/000169853024000139/xcur-20241217.htm
  HTML page:      https://secwatch.observer/filing/0001698530-24-000139

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