CBI USA, Inc. - Feb 22, 2023 Form 4 Insider Report for EXICURE, INC. (XCUR)

Role
10%+ Owner
Signature
CBI USA, INC., By: /s/ Kyungwon Oh, Name: Kyungwon Oh, Title: Chief Executive Officer
Stock symbol
XCUR
Transactions as of
Feb 22, 2023
Transactions value $
-$29,593,600,000,000
Form type
4
Date filed
3/9/2023, 06:50 AM
Previous filing
Dec 19, 2022
Next filing
Jun 27, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction XCUR CBI USA, Inc. 1st Bearer-type Interest Unsecured Private Other -$29.6T -5.44M -50% $5,440,000.00* 5.44M Feb 22, 2023 Common Stock 3.4M $1.60 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting Person obtained loan from an affiliate in the form of an exchangeable bond in the principal amount of $5,440,000. Lender will have the option to exchange the note for 3,400,000 shares of Common Stock (at fixed conversion price of $1.60 per share) from three months after issuance to five business days before the maturity date. The Reporting Person intends to repay the note prior to lender exercising the exchange option.