CBI USA calls for resignations and proposed nominations at Exicure, Inc (XCUR)

Key Summary: On September 26, 2022, the company agreed to sell 3,400,000 shares to CBI USA at $1.60 per share in a private placement, which closed in February 2023. On May 17, 2023, CBI USA, Inc. (50.4%) demanded the resignation of Jo, Ahn, and Kim, citing their failure to act in the company's and stockholders' interests, and threatened legal action. Jo…