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

Issuer:     EXICURE, INC. (XCUR)
CIK:        0001698530
Form:       8-K
Filed at:   2023-08-04T23:59:59+00:00
Accession:  0001698530-23-000081
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 3.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Exicure continues non-compliance with Nasdaq audit committee rule after director resignation
--------------------------------------------------------------------------------

- Director Cheolho Jo resigned from Board and Audit Committee on Aug 1, 2023; resignation not due to disagreement.
- Company notified Nasdaq on Aug 4, 2023 that it remains non-compliant with Nasdaq Listing Rule 5605(c)(2)(A) requiring at least three independent audit committee members.
- Company is searching for qualified independent director candidates to regain compliance.
- Non-compliance initially disclosed on May 10, 2023 due to departure of one audit committee member; this resignation deepens the deficiency.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698530/000169853023000081/0001698530-23-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698530/000169853023000081/xcur-20230804.htm
  HTML page:      https://secwatch.observer/filing/0001698530-23-000081

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