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

Dow Jones09-14

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)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2467087617?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-14 05:56","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2467087617","market":"nz","top_or_hot":-1,"title":"Exicure Shares Surge 78% on Debt-for-Equity Exchange Agreements","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Connor Hart \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of Exicure surged after the company entered debt-for-equity exchange agreements with two promissory notes holders. \n</p>\n<p>\n  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. \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 &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exicure Shares Surge 78% on Debt-for-Equity Exchange Agreements</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExicure Shares Surge 78% on Debt-for-Equity Exchange Agreements\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-14 05:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Connor Hart \n\n\n \n\n\n  Shares of Exicure surged after the company entered debt-for-equity exchange agreements with two promissory notes holders. \n\n\n  The stock jumped 78% to $2.84 in after-hours ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\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,"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. 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.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4139":"生物科技","EQR":"资产住宅公司","XCUR":"Exicure, Inc.","BK4215":"住宅房地产投资信托","BK4585":"ETF&股票定投概念"},"translate_title":"Exicure股价因债转股协议飙升78%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EQR":1,"XCUR":0.9},"content_text":"By Connor Hart \n\n\n \n\n\n  Shares of Exicure surged after the company entered debt-for-equity exchange agreements with two promissory notes holders. \n\n\n  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. \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":null,"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},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2467087617"}