Exicure, Inc. Faces Delisting Concerns
Ticker: XCUR · Form: 8-K · Filed: Apr 22, 2024 · CIK: 1698530
| Field | Detail |
|---|---|
| Company | Exicure, Inc. (XCUR) |
| Form Type | 8-K |
| Filed Date | Apr 22, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-standards, regulatory-filing
TL;DR
EXICURE facing delisting issues, stock might be in trouble.
AI Summary
Exicure, Inc. filed an 8-K on April 22, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule. The earliest event reported was on April 17, 2024. The company, previously known as Max-1 Acquisition Corp, is incorporated in Delaware and has its principal executive offices in Chicago, IL.
Why It Matters
This filing indicates potential issues with Exicure, Inc.'s continued listing on an exchange, which could significantly impact its stock trading and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's market presence and investor confidence.
Key Numbers
- 001-39011 — SEC File Number (Identifies the company's filing history with the SEC.)
- 81-5333008 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Exicure, Inc. (company) — Registrant
- Max-1 Acquisition Corp (company) — Former company name
- April 22, 2024 (date) — Filing date
- April 17, 2024 (date) — Earliest event date
- 2430 N. Halsted St. Chicago, IL 60614 (location) — Principal Executive Offices
FAQ
What specific listing rule or standard has Exicure, Inc. failed to satisfy?
The filing does not specify the exact rule or standard that Exicure, Inc. has failed to satisfy, only that a notice of delisting or failure to satisfy a continued listing rule or standard has been issued.
What is the expected timeline for Exicure, Inc. to address the listing deficiency?
The filing does not provide information on the expected timeline for Exicure, Inc. to address the listing deficiency.
Has Exicure, Inc. taken any actions to rectify the situation leading to the delisting notice?
The filing does not detail any specific actions taken by Exicure, Inc. to rectify the situation.
What are the potential consequences for Exicure, Inc. if the listing deficiency is not resolved?
The primary consequence mentioned is delisting from the stock exchange, which could severely impact the company's liquidity and market value.
When was Exicure, Inc. previously known as Max-1 Acquisition Corp?
Exicure, Inc. was formerly known as Max-1 Acquisition Corp, with a date of name change on February 21, 2017.
Filing Stats: 606 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-04-22 16:20:03
Key Financial Figures
- $0.0001 — ich registered Common Stock, par value $0.0001 per share XCUR The Nasdaq Stock Market
Filing Documents
- xcur-20240417.htm (8-K) — 28KB
- aex991pressreleaseapril222.htm (EX-99.1) — 10KB
- exicureimage1a10.gif (GRAPHIC) — 3KB
- 0001698530-24-000017.txt ( ) — 165KB
- xcur-20240417.xsd (EX-101.SCH) — 2KB
- xcur-20240417_lab.xml (EX-101.LAB) — 21KB
- xcur-20240417_pre.xml (EX-101.PRE) — 12KB
- xcur-20240417_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 April 17, 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 filed its Form 10-K for the year ended December 31, 2023 the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all periodic financial reports with the U.S. Securities and Exchange Commission. The Letter states that the Company must submit an update to its original plan to regain compliance with respect to the filing requirements. The plan initially related to the Company's delinquency in filing its Form 10-Q for the quarter ended September 30, 2023, and the Nasdaq staff granted an exception giving the Company until May 20, 2024 to file the third quarter Form 10-Q. Any additional exceptions to allow the Company to regain compliance with all delinquent filings (both the third quarter Form 10-Q and the Form 10-K) will be limited to May 20, 2024. The Company's management is working diligently to complete the Form 10-K and intends to file the Form 10-K as soon as practicable to regain compliance with the Nasdaq Listing Rule.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press release dated April 2 2 , 2024 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: April 22, 2024 EXICURE, INC. (registrant) By: /s/ Paul Kang Paul Kang Chief Executive Officer