Exicure Inc. has entered into a convertible bond agreement with its South Korean subsidiary, KC Creation Co., Ltd., involving a subscription amount of approximately $3.125 million USD. The bonds, maturing on April 30, 2028, offer a yield to maturity of 2.9% per annum. Exicure holds a put option allowing for redemption of the bonds in part or in full starting one year after the issuance date and every three months thereafter until maturity. Conversion rights, allowing Exicure to convert the bonds into common stock of KC Creation at a specified price per share, can be exercised between April 30, 2026, and March 31, 2028. The funds are intended for acquiring stocks of other corporations.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.