---
schema_version: "secwatch.filing_event.v1"
accession: "0001698530-23-000047"
form_type: "8-K"
ticker: "XCUR"
cik: "0001698530"
company_name: "EXICURE, INC."
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T04:21:30.350882+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Exicure receives Nasdaq delisting notice for audit committee non-compliance; KPMG resigns as auditor

## Summary
- Nasdaq notified Exicure on May 10, 2023 of non-compliance with audit committee independence rule due to resignation of director Hyukku Lee effective May 3, 2023.
- Cure period ends at earlier of 2023 annual meeting or May 3, 2024; company must comply by Oct 30, 2023 if annual meeting before that date.
- KPMG resigned as independent auditor on May 8, 2023; no disagreements or reportable events, but prior reports included going concern emphasis.
- Company is searching for a qualified independent director to add to board and audit committee to cure deficiency.

## SEC filing metadata
- accession: 0001698530-23-000047
- form_type: 8-K
- ticker: XCUR
- cik: 0001698530
- company_name: EXICURE, INC.
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.01, 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1698530/000169853023000047/0001698530-23-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698530/000169853023000047/xcur-20230511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001698530-23-000047
- JSON: https://secwatch.observer/filing/0001698530-23-000047.json
- Plain text: https://secwatch.observer/filing/0001698530-23-000047.txt

## Key facts
- Auditor Changes
  KPMG LLP resigned as auditor of EXICURE, INC..
  - Action: resignation
  - Auditor: KPMG LLP
  source text: (a) Resignation of Independent Registered Public Accounting Firm On May 8, 2023, KPMG LLP (“ KPMG ”) resigned as the independent registered public accounting firm of the Company and subsidiary, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698530/000169853023000047/0001698530-23-000047-index.htm
- Listing & Compliance Notices
  EXICURE, INC. received a nasdaq noncompliance notice notice regarding audit committee (rules 5605, 5605(c)(4)).
  - Exchange: nasdaq
  - Notice: noncompliance notice
  - Deficiency: audit committee
  - Rules: 5605, 5605(c)(4)
  source text: May 10, 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 audit committee requirements as set forth in Nasdaq Listing Rule 5605 as a result of the previously disclosed resignation of Hyukku Lee, effective May 3, 2023 . Nasdaq Rule 5605 requires the audit committee of the board of directors to be comprised of at least three independent directors (the “ Listing Requirement for Audit Committee ”). Pursuant to Nasdaq Listing Rule 5605(c)(4), the Company is entitled to a cure period to regain
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698530/000169853023000047/0001698530-23-000047-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.