secwatch.observer — SEC 8-K summary
======================================

Issuer:     EXICURE, INC. (XCUR)
CIK:        0001698530
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001698530-23-000047
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01, 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698530/000169853023000047/0001698530-23-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698530/000169853023000047/xcur-20230511.htm
  HTML page:      https://secwatch.observer/filing/0001698530-23-000047

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer