8-K
filed February 24, 2023, 6:59 PM ET
ticker XCUR
CIK 0001698530
regulatory
confidence high
sentiment negative
materiality 0.80
EXICURE, INC. (XCUR): Nasdaq/NYSE listing notice — Exicure Receives Nasdaq Delisting Notices, Appoints Three New Directors, Closes Private Placement
EXICURE, INC.
- On Feb 21, 2023, Exicure received Nasdaq notice for non-compliance with compensation committee requirements due to resignation of Jeffrey L. Cleland.
- Exicure also received second Nasdaq notice for non-compliance with independent director and audit committee requirements; must submit compliance plan within 45 days.
- Effective Feb 24, 2023, board appointed Paul Kang, Hyukku Lee, and Changil Ahn as directors; Elizabeth Garofalo resigned.
- Private placement with CBI closed on Feb 24, 2023, issuing 3,400,000 shares at $1.60 per share.
- Company believes it can rely on Nasdaq's controlled company exemption for some requirements.
Key facts
Extracted from this filing and checked against the source text.
Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 0.9
EXICURE, INC. received a nasdaq deficiency notice notice regarding board independence (rules 5605, 5605(d)(4)).
- Exchange
- nasdaq
- Notice
- deficiency notice
- Deficiency
- board independence
- Rules
- 5605, 5605(d)(4)
Exact text from the filing
February 21, 2023, Exicure, Inc. (the “Company”) received notice from The Nasdaq Stock Market LLC (“Nasdaq”) that the Company is no longer in compliance with Nasdaq’s compensation committee requirements as set forth in Nasdaq Listing Rule 5605 as a result of the previously disclosed resignation of Jeffrey L. Cleland, Ph.D., effective February 10, 2023 . Nasdaq Rule 5605 requires the compensation committee of the board of directors to be comprised of at least two independent directors (the “Listing Requirement for Compensation Committee”). Pursuant to Nasdaq Listing Rules 5605(d)(4), the Compan
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Changil Ahn was appointed as Class III Director at EXICURE, INC..
- Action
- appointed
- Role
- Class III Director
Exact text from the filing
the Board appointed Paul Kang, Hyukku Lee and Changil Ahn to the Board effective February 24, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Paul Kang was appointed as Class III Director at EXICURE, INC..
- Action
- appointed
- Role
- Class III Director
Exact text from the filing
the Board appointed Paul Kang, Hyukku Lee and Changil Ahn to the Board effective February 24, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Elizabeth Garofalo resigned as Director and Chair of the Board at EXICURE, INC..
- Action
- resigned
- Role
- Director and Chair of the Board
Exact text from the filing
Effective February 24, 2023, following closing of the Private Placement, Elizabeth Garofalo, M.D. resigned from the Board of Directors (the “Board”) of Exicure, Inc. (the “Company”) and as chair of the Board as well as from the audit committee, compensation committee and nominating and corporate governance committee of the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Hyukku Lee was appointed as Class II Director at EXICURE, INC..
- Action
- appointed
- Role
- Class II Director
Exact text from the filing
the Board appointed Paul Kang, Hyukku Lee and Changil Ahn to the Board effective February 24, 2023.
View on SEC.gov
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