EXICURE, INC. (XCUR): Nasdaq/NYSE listing notice — Exicure receives Nasdaq bid price deficiency notice; Northwestern terminates key license

EXICURE, INC.

Nasdaq gave Exicure 180 days (until March 11, 2024) to regain $1.00 minimum bid price after 30 consecutive days below threshold.
Northwestern terminated the 2015 License on Sept 10, 2023; cure period for 2014 License runs to Oct 2, 2023.
Exicure is exploring strategic alternatives and intends to seek resolution with Northwestern.
Exicure may consider a reverse stock split to regain Nasdaq compliance.

item 3.01 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 1.0

EXICURE, INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

September 13, 2023, Exicure, Inc. (the “Company”) received a letter (the “Notice”) from the staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the previous 30 consecutive business days, the bid price for the Company’s common stock had closed below the minimum $1.00 per share requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Requirement”). In accordance with Nasdaq Listing Rule 5810(c)(3)(A) (the “Compliance Period Rule”), the Company has been provided an initial period of 180 calendar d

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EXICURE, INC. filing history →

Source: SEC EDGAR

accession 0001698530-23-000107

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