Exicure, Inc. - XCUR STOCK NEWS

Exicure (NASDAQ: XCUR) has announced a significant strategic move through a Share Purchase Agreement with GPCR Therapeutics Inc., a Korean The agreement, executed on January 19, 2025, involves Exicure's acquisition of all issued and outstanding equity securities of GPCR Therapeutics USA Inc., a California-based previously wholly owned by GPCR.

Concurrent with this acquisition, both companies established a License and Collaboration Agreement (L&C Agreement) focused on developing and commercializing GPCR's technological intellectual properties and patents. Under the terms of the L&C Agreement, Exicure commits to:

• Making milestone payments tied to clinical trials progress
• Marketing authorization achievements
• Net sales performance
• Paying a recurring royalty of at least 10% on net sales

Exicure (XCUR) has signed an MOU with GPCR Therapeutics to acquire its US subsidiary, GPCR USA, and collaborate on drug development pipelines. The deal includes technology transfer of GPCR's CXCR4 inhibitor, currently in Phase 2 clinical trials, with an estimated market size of $1-2 billion annually. The acquisition targets multiple myeloma and acute myeloid leukemia (AML) treatments.

The company has secured total funding of $12 million ($8.7M on Dec 24, $2M on Dec 9, and $1.3M in November) with an additional expected $4M, totaling $14M. These funds will support the GPCR USA acquisition, clinical trials, and operations. GPCR Therapeutics recently presented three exhibits at the ASH conference, including Phase 2 trial interim results and preclinical data on T cell responses.

Exicure (XCUR) announced stockholder approval of an $8.7 million equity financing from HiTron Systems, following an initial $1.3 million investment in November. The total $10 million investment at $3 per share will make HiTron Exicure's largest shareholder with over 50% ownership. The company also received $2 million from SangSangIn Investment & Securities through the sale of 433,332 shares at $4.61 per share.

The Board expanded to nine directors with four new appointments. The company is in discussions with a US therapeutics company, with updates expected in January. Following a Nasdaq notification about non-compliance with the $2.5 million stockholders' equity requirement, Exicure presented its compliance plan on December 17, 2024, and believes recent investments will help meet listing requirements.

Exicure (XCUR) has announced significant developments following its December 17, 2024 Special Meeting of Stockholders. Shareholders approved a $8.7 million equity financing from HiTron Systems Inc., a South Korean public company. This follows an initial $1.3 million investment, bringing HiTron's total investment to $10 million at $3 per share.

The company has undergone major changes, including the appointment of Andy Yoo as CEO and four new directors, expanding the board to nine members. HiTron will become Exicure's majority shareholder with over 50% ownership upon closing of the second investment.

Additionally, Exicure secured $2 million from institutional investors and plans to raise another $2.4 million, targeting total fundraising of approximately $15 million. The company is in discussions with a US therapeutics company and expects to provide updates in January. These investments are important for maintaining Nasdaq listing compliance, addressing the minimum $2.5 million stockholders' equity requirement.

Exicure (XCUR) has entered into two purchase agreements with HiTron Systems for equity financing totaling $10 million. The first agreement, for $1.3 million (433,333 shares at $3.00/share), is expected to close within 10 days. The second agreement for $8.7 million (2,900,000 shares at $3.00/share) requires stockholder approval. For Q3 2024, the company reported cash position of $0.3 million, down from $0.8 million in December 2023, and a net loss of $1.1 million compared to $5.3 million in Q3 2023. The company faces continued listing challenges with Nasdaq and requires immediate additional funding to continue operations.

Exicure (Nasdaq: XCUR) has received an extension from the Nasdaq Hearings Panel to continue its listing on The Nasdaq Capital Market. The company must demonstrate compliance with all applicable criteria by November 14, 2024. Exicure is actively working to meet the Panel's requirements and maintain its Nasdaq listing. The company has already regained compliance with Nasdaq's minimum bid price requirement and has exchanged approximately $1,000,000 of debt for equity at a conversion price of $3.00 per share.

Exicure (Nasdaq: XCUR) has announced a 1-for-5 reverse stock split of its outstanding common shares, effective August 27, 2024, at 5:00 pm. Trading on a split-adjusted basis will begin on August 28, 2024, under the new CUSIP number 30205M 309. This move aims to regain compliance with Nasdaq's listing rules.

The reverse split will reduce Exicure's outstanding shares from approximately 8.65 million to 1.73 million. Stockholders' ownership percentages will remain unchanged, except for adjustments due to fractional shares. The number of authorized shares and par value will not be affected. Stockholders with book-entry shares need not take action, and those entitled to fractional shares will receive additional fractions to round up to a full share.

Exicure (Nasdaq: XCUR) announced an additional adjournment of its Special Meeting of Stockholders, initially scheduled for August 15, 2024, and reconvened on August 19, 2024. The meeting has been adjourned again due to lack of quorum, with only 49.7% of outstanding shares represented at the reconvened meeting. The Special Meeting will be reconvened on August 20, 2024, at 9:00 a.m. Central Time, held virtually via live audio-only webcast.

The record date for voting eligibility remains July 26, 2024. Previously submitted proxies will be valid for the adjourned meeting unless revoked. Stockholders who haven't voted are encouraged to do so via the Internet at www.proxyvote.com or by phone at 1-800-690-6903.

Exicure (Nasdaq: XCUR) announced the adjournment of its Special Meeting of Stockholders scheduled for August 15, 2024, due to lack of quorum. The meeting will be reconvened on August 19, 2024, at 9:00 a.m. Central Time, and will be held virtually via live audio-only webcast. At the time of adjournment, proxies had been submitted by stockholders representing approximately 49.4% of the outstanding shares entitled to vote, falling short of the required majority.

The record date for voting eligibility remains July 26, 2024. Previously submitted proxies will be valid for the reconvened meeting unless revoked. Stockholders who haven't voted are encouraged to do so via the Internet at www.proxyvote.com or by phone at 1-800-690-6903.