Exicure Inc

News & Events zu Exicure Inc (XCUR)

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9/16 09:30

Exicure Receives Nasdaq Extension to December 2 for Compliance

Exicure announced that, on September 10, it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market granting the company an extension through December 2 to regain compliance with Nasdaq Listing Rule 5550(b)(1). As previously disclosed, on June 5, Nasdaq notified the company that it did not satisfy Nasdaq Listing Rule 5550(b)(1), which requires a listed company to maintain a minimum of $2.5M in stockholders' equity. At that time, the company also did not satisfy the alternative continued listing standards based on market value of listed securities or net income from continuing operations. Under the terms of the extension, the company must complete its compliance initiatives and publicly demonstrate compliance with the applicable stockholders' equity requirement on or before December 2. Nasdaq will continue to monitor the company's ongoing compliance with the requirement, including through the company's next periodic report.

8/3 10:00

Exicure to Issue 172,058 Shares to GPCR Therapeutics

Exicure announced that it expects to issue 172,058 shares of its common stock to GPCR Therapeutics during August in settlement of a $1M clinical milestone payment obligation under the parties' license and collaboration agreement. The milestone payment was triggered by the completion of the Phase 2 clinical trial of Burixafor, including the formal submission of the Clinical Study Report to the FDA on January 16. The shares are expected to be issued at a deemed value of $5.81 per share, based on applicable Nasdaq trading data, representing an aggregate deemed value of approximately $1M. On July 31, the company submitted a listing of additional shares notification to Nasdaq in connection with the equity issuance. The company also completed and delivered the applicable treasury issuance instructions to its transfer agent, Equiniti Trust Company. The Company expects the issuance to be completed during August, subject to the completion of customary Nasdaq and transfer agent review and processing procedures. Exicure intends to provide an additional update following completion of the issuance.

6/1 16:10

Exicure Receives Compliance Notice from Nasdaq

Exicure announced that it received a notification letter from Nasdaq indicating that the company was not in compliance with Nasdaq Listing Rule 5250 due to the delayed filing of its quarterly report on Form 10-Q for the three months ended March 31.

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