Exicure Shares Surge 78% on Debt-for-Equity Exchange Agreements

Dow Jones

2024-09-14

By Connor Hart

Shares of Exicure surged after the company entered debt-for-equity exchange agreements with two promissory notes holders.

The stock jumped 78% to $2.84 in after-hours trading Friday. Shares, which hit a 52-week low of $1.44 during the regular session, are down 45% since the beginning of the year.

The biopharmaceuticals company, based in Chicago, said in a Securities and Exchange Commission filing it agreed to issue 237,233 shares of its common stock to DGP, representing a conversion price of $3 a share.

DGP is the company's largest shareholder, having owned approximately 35% of its outstanding shares ahead of this issuance.

Exicure will issue an additional 101,991 shares of its common stock to an individual promissory note holder, also representing a conversion price of $3 a share.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

September 13, 2024 17:56 ET (21:56 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Shares, which hit a 52-week low of $1.44 during the regular session, are down 45% since the beginning of the year. \n</p>\n<p>\n  The biopharmaceuticals company, based in Chicago, said in a Securities and Exchange Commission filing it agreed to issue 237,233 shares of its common stock to DGP, representing a conversion price of $3 a share. \n</p>\n<p>\n  DGP is the company's largest shareholder, having owned approximately 35% of its outstanding shares ahead of this issuance. \n</p>\n<p>\n  Exicure will issue an additional 101,991 shares of its common stock to an individual promissory note holder, also representing a conversion price of $3 a share. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 13, 2024 17:56 ET (21:56 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2467087617","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2467087617","pubTimestamp":1726264560,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Exicure surged after the company entered debt-for-equity exchange agreements with two promissory notes holders.The stock jumped 78% to $2.84 in after-hours trading Friday. 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Shares, which hit a 52-week low of $1.44 during the regular session, are down 45% since the beginning of the year. \n\n\n  The biopharmaceuticals company, based in Chicago, said in a Securities and Exchange Commission filing it agreed to issue 237,233 shares of its common stock to DGP, representing a conversion price of $3 a share. \n\n\n  DGP is the company's largest shareholder, having owned approximately 35% of its outstanding shares ahead of this issuance. \n\n\n  Exicure will issue an additional 101,991 shares of its common stock to an individual promissory note holder, also representing a conversion price of $3 a share. \n\n\n \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 13, 2024 17:56 ET (21:56 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}