CBI USA & DGP Amend Exicure Stake

TL;DR

CBI USA & DGP filed 13D/A amendment for Exicure, Inc. - watch for changes.

AI Summary

CBI USA, Inc. and DGP Co., Ltd. have filed an amendment (No. 14) to their Schedule 13D for Exicure, Inc. on September 16, 2024. The filing indicates a change in the reporting persons' holdings or intentions regarding Exicure, Inc. common stock. The specific details of the change, such as new ownership percentages or strategic shifts, are not detailed in this excerpt but are typically elaborated within the full filing.

Why It Matters

This amendment signals a potential shift in control or strategy for Exicure, Inc., which could impact its stock price and future business operations.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D often indicate significant changes in a major shareholder's position or intentions, which can lead to market volatility.

Key Players & Entities

• CBI USA, Inc. (company) — Reporting Person
• DGP Co., Ltd. (company) — Reporting Person
• Exicure, Inc. (company) — Subject Company
• Kyungwon Oh (person) — Chief Executive Officer of CBI USA, Inc. and DGP Co., Ltd.
• Jonathan Park (person) — Authorized contact person at Baker & Hostetler LLP

FAQ

Key Financial Figures

• $0.0001 — me of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securiti
• $3.00 — 4 and the purchase price was changed to $3.00 per share. On September 12, 2024, DGP
• $700,000 — and unpaid interest on that certain the $700,000 promissory note dated May 28, 2024 (the

Filing Documents

• d825676dsc13da.htm (SC 13D/A) — 43KB
• 0001193125-24-219856.txt ( ) — 44KB

is supplemented as follows

Item 5 is supplemented as follows: On September 12, 2024, in connection with the Debt-for-Equity Exchange (as reported in Item 6), DGP agreed to exchange the DGP Note for 237,233 shares of its common stock. As a result, as of September 12, 2024, DGP beneficially owns (with sole voting power) 849,223 shares of Common Stock representing 39.1% of the outstanding shares of Common Stock, and CBI USA beneficially owns (with sole voting and dispositive power) 163,660 shares of Common Stock representing 7.5% of the outstanding shares of Common Stock. The Reporting Persons as a group beneficially own 46.6% of the outstanding shares of Common Stock as of such date. The percentage certain debt-for-equity equity exchange agreements dated September 12, 2024 as reported in the Form 8-K filed by the Company on September 13, 2024). Item6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

is supplemented as follows

Item 6 is supplemented as follows: On September 10, 2024, DGP and OverdigmK entered into an amendment of the DGP Sale Agreement, as amended, pursuant to which the closing date for the balance of the DGP Sale was extended to October 31, 2024 and the purchase price was changed to $3.00 per share. On September 12, 2024, DGP entered into a debt-for-equity exchange agreement with the Company (the Exchange Agreement). Under the Exchange Agreement, in exchange for the satisfaction in full of the principal amount plus accrued and unpaid interest on that certain the $700,000 promissory note dated May 28, 2024 (the DGP Note), the Company agreed to issue 237,233 shares of its common stock to DGP (representing a conversion price of $3.00 per share) (the Debt-for-Equity Exchange).

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned hereby certifies that the information set forth in this statement is true, complete and correct. Date: September 16, 2024 CBI USA, INC. By: /s/ Kyungwon Oh Name: Kyungwon Oh Title: Chief Executive Officer DGP Co., Ltd. By: /s/ Kyungwon Oh Name: Kyungwon Oh Title: Chief Executive Officer

View Full Filing

View this SC 13D/A filing on SEC EDGAR