Exicure (NASDAQ:XCUR) has announced a 1-for-5 reverse stock split of its outstanding common shares. The reverse stock split is expected to become effective at 5:00 p.m. on August 27, 2024, with the common stock beginning to trade on a split-adjusted basis when the market opens on August 28, 2024.
As a result of the split, trading will commence under the new CUSIP number 30205M 309. Exicure’s common stock will continue to trade on the NASDAQ Capital Market under the symbol “XCUR”.
The Reverse Stock Split is an effort to regain compliance with Nasdaq’s listing rules and was approved by the company’s stockholders on August 20, 2024, to be implemented by the company’s board of directors (BOD) within approved parameters. The BOD approved the reverse stock split at a ratio of 1-for-5 on August 20, 2024.
Information on the reverse stock split can be found in the company’s definitive proxy statement, filed with the Securities and Exchange Commission on July 30, 2024, which is available on the SEC’s website at sec.gov and on Exicure’s website, www.exicuretx.com.
