Summary by Moomoo AI
Exicure, Inc., a biotechnology company, announced the completion of a 1-for-5 reverse stock split of its common stock, effective at 5:00 p.m. Eastern Time on August 27, 2024. The reverse stock split was approved by stockholders during a Special Meeting held on August 20, 2024, and was subsequently approved by the company's board of directors on the same day. The action consolidates every five shares of issued and outstanding common stock into one share, maintaining the same par value per share without altering the number of authorized shares. This corporate action aims to regain compliance with Nasdaq's listing rules. The company's common stock began trading on a split-adjusted basis on The Nasdaq Capital Market on August 28, 2024, under the new CUSIP...Show More