Exicure Securities Settlement: Claim $0.14 per share

If you purchased or acquired Exicure common stock between January 7, 2021, and December 10, 2021, you may be eligible to claim compensation from a class action settlement.

Exicure, Inc. has agreed to pay $5,625,000 to settle a class action lawsuit for alleged violations of the Securities Exchange Act of 1934.

The lawsuit claims that Exicure made misleading statements about their XCUR-FXN drug data and disclosure controls, which allegedly inflated the stock price.

Who can file a claim?

To be part of the Settlement Class, you must have purchased or otherwise acquired Exicure common stock between January 7, 2021, to December 10, 2021.

How much can class members recover?

The estimated average recovery per affected Exicure common share is approximately $0.14 before deductions for court-approved fees and expenses.

The settlement fund is $5,625,000, and the amount each class member can receive depends on several factors, including the number of shares purchased and sold during the Class Period and the timing of those transactions.

The actual payment will be calculated based on a pro rata distribution of the Net Settlement Fund. For example, if your Recognized Claim is $100 and the total Recognized Claims are $1,000,000, you would receive 0.01% of the Net Settlement Fund.

• Recognized Loss Amount: Calculated based on the difference between the purchase price and the sale price, adjusted for the artificial inflation in the stock price.
• Pro Rata Distribution: Your payment will be your Recognized Claim divided by the total Recognized Claims, multiplied by the Net Settlement Fund.

Docs required to file a claim

Claimants need to provide proof of their transactions in Exicure common stock.

This includes broker confirmations or stockbroker statements showing the date, price, and quantity of shares purchased or sold.

How to file a claim

To claim compensation, you must complete and submit a Proof of Claim form. You can file a claim online or download the PDF claim form and mail it to the Claims Administrator at:

Exicure Securities Litigation

c/o Epiq Class & Claims Solutions, Inc.

P.O. Box 4746

Portland, OR 97208-4746

Ensure your claim is submitted online or postmarked by January 27, 2025.

Claim instructions

Follow these steps to submit your claim:

1. Gather all necessary documentation, including purchase and sale confirmations
2. Complete the Proof of Claim form with accurate details of your transactions
3. Submit the form online or mail it to the Claims Administrator by the deadline

Payment methods

Class members can receive their payments via check mailed to the address provided in their claim form.

$5,625,000 Settlement fund breakdown

The settlement fund of $5,625,000 will cover various costs, including:

• Attorneys' fees: Up to 30% of the Settlement Amount
• Litigation expenses: Not to exceed $110,000
• Lead Plaintiff award: Up to $6,000
• Net Settlement Fund: Distributed to Authorized Claimants

Important dates

• Deadline to File a Claim: January 27, 2025
• Final Approval Hearing: January 13, 2025

When is the Exicure settlement payout date?

After the Final Approval Hearing on January 13, 2025, if the Court approves the settlement, the Claims Administrator will process the claims and distribute the funds to eligible class members. If there are any appeals, the distribution may be delayed until they are resolved.

Why is there a class action settlement?

The class action lawsuit was filed due to alleged violations of the Securities Exchange Act of 1934 by Exicure, Inc. The company was accused of making misleading statements about its XCUR-FXN drug data and disclosure controls, which allegedly inflated the stock price. The settlement avoids the costs and risks of further litigation and provides compensation to affected shareholders.