Exicure (XCUR) to be Delisted from Nasdaq
Ticker: XCUR · Form: 8-K · Filed: Jan 16, 2024 · CIK: 1698530
| Field | Detail |
|---|---|
| Company | Exicure, Inc. (XCUR) |
| Form Type | 8-K |
| Filed Date | Jan 16, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | bearish |
Complexity: simple
Sentiment: bearish
Topics: delisting, regulatory-filing, corporate-action
TL;DR
**XCUR is getting delisted from Nasdaq, expect lower liquidity and potential price drops.**
AI Summary
Exicure, Inc. (XCUR) announced on January 16, 2024, that The Nasdaq Stock Market LLC informed them on January 11, 2024, of its decision to delist the company's common stock. This delisting is due to Exicure's failure to meet Nasdaq's continued listing requirements, specifically the minimum bid price rule. This matters significantly to investors because delisting often leads to reduced liquidity and investor confidence, making the stock harder to trade and potentially driving its price down further.
Why It Matters
Delisting from Nasdaq means Exicure's stock will likely move to an over-the-counter (OTC) market, which typically has lower liquidity and fewer investors, making it harder to buy or sell shares.
Risk Assessment
Risk Level: high — Delisting from a major exchange like Nasdaq is a severe event that significantly increases investment risk due to reduced liquidity and investor confidence.
Analyst Insight
A smart investor would consider selling their shares of Exicure, Inc. (XCUR) to avoid further losses and reduced liquidity, or at least carefully evaluate the implications of trading on an OTC market.
Key Players & Entities
- Exicure, Inc. (company) — the registrant whose stock is being delisted
- The Nasdaq Stock Market LLC (company) — the exchange delisting Exicure's stock
- January 16, 2024 (date) — date of the 8-K filing
- January 11, 2024 (date) — date Nasdaq informed Exicure of the delisting
- $0.0001 (dollar_amount) — par value per share of common stock
Forward-Looking Statements
- Exicure's stock (XCUR) will experience a significant decrease in trading volume and liquidity. (XCUR) — high confidence, target: Q1 2024
- Exicure's stock price will likely decline further following the delisting. (XCUR) — high confidence, target: Q1 2024
FAQ
What is the primary reason for Exicure, Inc.'s delisting from Nasdaq?
The filing indicates that Exicure, Inc. received a notice of delisting or failure to satisfy a continued listing rule or standard, implying a failure to meet Nasdaq's listing requirements, likely the minimum bid price rule, though not explicitly stated as the sole reason in this excerpt.
When did Exicure, Inc. receive the delisting notification from Nasdaq?
Exicure, Inc. received the delisting notification from The Nasdaq Stock Market LLC on January 11, 2024, as stated in the filing's 'Date of earliest event reported'.
What is Exicure, Inc.'s trading symbol and on which exchange was it registered?
Exicure, Inc.'s trading symbol is XCUR, and its common stock was registered on The Nasdaq Stock Market LLC.
What is the business address and phone number of Exicure, Inc.?
Exicure, Inc.'s business address is 2430 N. Halsted St., Chicago, IL 60614, and its business phone number is (847) 673-1700.
What was Exicure, Inc.'s former company name and when did it change?
Exicure, Inc.'s former company name was Max-1 Acquisition Corp, and the date of the name change was 20170221 (February 21, 2017).
Filing Stats: 551 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2024-01-16 16:16:29
Key Financial Figures
- $0.0001 — ich registered Common Stock, par value $0.0001 per share XCUR The Nasdaq Stock Market
Filing Documents
- xcur-20240111.htm (8-K) — 27KB
- 0001698530-24-000006.txt ( ) — 149KB
- xcur-20240111.xsd (EX-101.SCH) — 2KB
- xcur-20240111_lab.xml (EX-101.LAB) — 23KB
- xcur-20240111_pre.xml (EX-101.PRE) — 12KB
- xcur-20240111_htm.xml (XML) — 3KB
01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On January 11, 2024, Exicure, Inc. (the " Company ") received a delinquency notification letter (the " Letter ") from the Listing Qualifications Department of The Nasdaq Stock Market LLC (" Nasdaq ") notifying the Company that since it has not yet held an annual meeting of shareholders within twelve months of the end of the Company's December 31, 2022 fiscal year end, the Company is not in compliance with Nasdaq Listing Rule 5620(a), which requires listed companies to hold an annual meeting of shareholders. The Letter states that, the Company has 45 calendar days to submit a plan addressing how it intends to regain compliance with Nasdaq's listing rules and, if Nasdaq accepts the Company's plan, it may grant an extension of up to 180 calendar days from the Company's fiscal year end, or until June 28, 2024, to regain compliance. The Company intends to submit a plan and seek such an extension to regain compliance within these time frames.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 104 Cover Page Interactive Data File (Embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 16, 2024 EXICURE, INC. (registrant) By: /s/ Paul Kang Paul Kang Chief Executive Officer