{"schema_version":"secwatch.filing_event.v1","accession":"0001698530-23-000078","form_type":"8-K","ticker":"XCUR","cik":"0001698530","company_name":"EXICURE, INC.","filed_at":"2023-07-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.896271+00:00","generated_at":"2026-06-13T08:14:49.954158+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Exicure reports Q1 net loss of $4.4M; cash runway to Q4 2023; needs near-term financing","bullets":["Net loss $4.4M vs $8.3M YoY; R&D spend dropped to $2.0M from $7.1M after halting all R&D.","Cash $11.2M at March 31, 2023; expects to fund operations into Q4 2023; seeks capital in Q3 2023.","Closed September 2022 PIPE with $5.44M gross; CBI USA now owns ~50.4% of outstanding shares.","Purchased $2M in convertible bonds of Cyworld Z (two $1M subscriptions) maturing May 2026 at 4.5% yield.","Going concern: substantial doubt; limited ability to cut costs; financing needed within months."],"urls":{"canonical":"https://secwatch.observer/filing/0001698530-23-000078","json":"https://secwatch.observer/filing/0001698530-23-000078.json","markdown":"https://secwatch.observer/filing/0001698530-23-000078.md","text":"https://secwatch.observer/filing/0001698530-23-000078.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1698530/000169853023000078/0001698530-23-000078-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1698530/000169853023000078/xcur-20230714.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T08:14:49.954158+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"76bcf48ecea726ceca5a4a2d2b81129e84819092","claim":"EXICURE, INC. reported the quarter ended March 31, 2023 results: net income $4.4 million.","evidence_excerpt":"Net Loss: The Company had a net loss of $4.4 million for the quarter ended March 31, 2023, as compared to a net loss of $8.3 million for the quarter ended March 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1698530/000169853023000078/0001698530-23-000078-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Net income","value":"$4.4 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}