XCUR - Exicure to raise $11.5M in registered direct offering
Exicure (XCUR +10.8%) entered into a definitive agreement with several institutional investors for the purchase and sale of 34.6M shares and warrants to purchase up to 17.3M shares at an effective purchase price of $0.3326/share in a registered direct offering priced at-the-market. The warrants have an exercise price of $0.2701/share and are exercisable immediately and have a five years term. Offering is expected to occur on or about Dec.16. Gross proceeds are expected to be ~$11.5M; net proceeds to be used for working capital and general corporate purposes.
For further details see:
Exicure to raise $11.5M in registered direct offering