Exicure announces 1-for-5 reverse stock split

Exicure announced that it will effect a 1-for-5 reverse stock split of its outstanding shares of common stock. The company expects that the reverse stock split will become effective at 5:00 pm on Tuesday, August 27 and its common stock will begin trading on a split-adjusted basis at the open of trading on Wednesday, August 28 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. The reverse stock split was approved by the company’s stockholders at its special meeting of stockholders held on August 20 to be effected by the company’s board of directors within approved parameters. The company’s board of directors approved the reverse stock split at a ratio of 1-for-5 on August 20.