8-K
filed May 9, 2023, 7:59 PM ET
ticker XCUR
CIK 0001698530
other material
confidence high
sentiment negative
materiality 0.72
EXICURE, INC. (XCUR): Nasdaq/NYSE listing notice — Exicure invests $1M in Cyworld Z bonds, faces Nasdaq delisting risk over audit committee
EXICURE, INC.
- Invested $1M in Cyworld Z convertible bonds (4.5% YTM, matures May 2026) with conversion at KRW 85,000/share and quarterly put option.
- Nasdaq notified Exicure that its audit committee no longer meets independence requirement after Hyukku Lee resignation; company intends to cure.
- Hyukku Lee resigned from board and audit committee effective May 3, 2023; no disagreement cited.
- Appointed Joshua Miller as Chief Accounting Officer; he was Controller since April 2022.
Key facts
Extracted from this filing and checked against the source text.
Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 0.6
EXICURE, INC. received a nasdaq deficiency notice notice regarding other.
- Exchange
- nasdaq
- Notice
- deficiency notice
Exact text from the filing
May 5, 2023, the Company notified the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq ”) that as a result of Hyukku Lee from the Company’s board of directors (the “ Board ”) (as described below in
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Hyukku Lee resigned as Class II Director at EXICURE, INC..
- Action
- resigned
- Role
- Class II Director
Exact text from the filing
On May 3, 2023, Hyukku Lee resigned from the Board as a Class II Director, effective immediately as of such date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joshua Miller was appointed as Chief Accounting Officer at EXICURE, INC..
- Action
- appointed
- Role
- Chief Accounting Officer
Exact text from the filing
On May 3, 2023, the Board approved the appointment of Joshua Miller to Chief Accounting Officer.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
EXICURE, INC. entered into Subscription Agreement with Cyworld Z Co., Ltd. valued at USD $1 million (effective 2023-05-03).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Cyworld Z Co., Ltd.
- Value
- USD $1 million
- Effective
- 2023-05-03
Exact text from the filing
As previously disclosed, on May 3, 2023, Exicure, Inc. (the “ Company ”) entered into a subscription agreement (the “ Subscription Agreement ”) with Cyworld Z Co., Ltd., (“ Cyworld Z ”).
View on SEC.gov
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