{"schema_version":"secwatch.filing_event.v1","accession":"0001698530-26-000026","form_type":"8-K","ticker":"XCUR","cik":"0001698530","company_name":"EXICURE, INC.","filed_at":"2026-03-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.926694+00:00","generated_at":"2026-05-15T09:02:05.056663+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 FY2025 net loss $4.9M; cash $3.7M; warns cash insufficient for 12 months","bullets":["Cash and cash equivalents $3.7M as of Dec 31 2025, down from $12.5M a year ago.","Net loss $4.9M for FY2025 vs $9.7M in FY2024; decrease due to $6.0M lease termination gain.","R&D expenses rose to $3.3M from $0 reflecting GPCR USA acquisition; G&A $6.8M vs $5.4M.","Company states existing cash may not be sufficient to fund operations for next 12 months.","Management engaged in cost reductions but limited; substantial additional financing required short term."],"urls":{"canonical":"https://secwatch.observer/filing/0001698530-26-000026","json":"https://secwatch.observer/filing/0001698530-26-000026.json","markdown":"https://secwatch.observer/filing/0001698530-26-000026.md","text":"https://secwatch.observer/filing/0001698530-26-000026.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1698530/000169853026000026/0001698530-26-000026-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1698530/000169853026000026/xcur-20260325.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T09:02:05.056663+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}