Exicure Faces Delisting Concerns
Ticker: XCUR · Form: 8-K · Filed: Jun 25, 2024 · CIK: 1698530
| Field | Detail |
|---|---|
| Company | Exicure, Inc. (XCUR) |
| Form Type | 8-K |
| Filed Date | Jun 25, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $2,500,000 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-standards, sec-filing
TL;DR
Exicure's stock is on the chopping block for Nasdaq delisting.
AI Summary
Exicure, Inc. filed an 8-K on June 25, 2024, to report a notice of delisting or failure to satisfy a continued listing rule. The company's common stock was previously suspended from trading on the Nasdaq Capital Market, and this filing confirms the ongoing process related to its listing status.
Why It Matters
This filing indicates potential delisting from a major stock exchange, which could significantly impact the liquidity and valuation of Exicure's stock.
Risk Assessment
Risk Level: high — The company is facing a notice of delisting or failure to meet continued listing standards, which poses a significant risk to its stock trading status.
Key Players & Entities
- Exicure, Inc. (company) — Registrant
- Nasdaq Capital Market (company) — Stock Exchange
- June 25, 2024 (date) — Filing Date
- June 20, 2024 (date) — Earliest Event Reported
FAQ
What is the primary reason for Exicure, Inc.'s 8-K filing on June 25, 2024?
The primary reason is to report a notice of delisting or failure to satisfy a continued listing rule or standard.
What stock exchange is Exicure, Inc. associated with regarding its listing status?
Exicure, Inc. is associated with the Nasdaq Capital Market.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on June 20, 2024.
What is the company's principal executive office address?
The principal executive offices are located at 2430 N. Halsted St., Chicago, IL 60614.
What is Exicure, Inc.'s IRS Employer Identification Number?
Exicure, Inc.'s IRS Employer Identification Number is 81-5333008.
Filing Stats: 496 words · 2 min read · ~2 pages · Grade level 11.4 · Accepted 2024-06-25 16:23:41
Key Financial Figures
- $0.0001 — ich registered Common Stock, par value $0.0001 per share XCUR The Nasdaq Stock Market
- $2,500,000 — sted companies to maintain a minimum of $2,500,000 in stockholders' equity for continued l
Filing Documents
- xcur-20240620.htm (8-K) — 26KB
- 0001698530-24-000071.txt ( ) — 146KB
- xcur-20240620.xsd (EX-101.SCH) — 2KB
- xcur-20240620_lab.xml (EX-101.LAB) — 21KB
- xcur-20240620_pre.xml (EX-101.PRE) — 12KB
- xcur-20240620_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 June 20, 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 the Company is not in compliance with Nasdaq Listing Rule 5550(b)(1) (the "Rule"), which requires listed companies to maintain a minimum of $2,500,000 in stockholders' equity for continued listing. The Company plans to address this additional deficiency in its previously disclosed pending appeal to the Nasdaq Hearings Panel, which is scheduled to be heard on July 9, 2024. The Company is working diligently to regain compliance with the Rule.
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: June 25, 2024 EXICURE, INC. (registrant) By: /s/ Paul Kang Paul Kang Chief Executive Officer