Business Context and Reporting Period
This Form 8-K filing by Exicure, Inc. (Nasdaq: XCUR) is dated September 16, 2026. The report addresses a regulatory matter concerning the company's continued listing status on The Nasdaq Stock Market LLC.
Key Financial Metrics
The filing does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The only financial metric referenced is the regulatory threshold for stockholders' equity.
- Stockholders' Equity Requirement: $2.5 million (Nasdaq Listing Rule 5550(b)(1)).
- Current Status: The company was previously notified on June 5, 2026, of non-compliance with this requirement.
Material Changes
The primary material event is the receipt of a compliance extension from Nasdaq.
- Extension Granted: On September 10, 2026, Nasdaq granted Exicure an extension to regain compliance with the stockholders' equity requirement.
- Compliance Deadline: The company must demonstrate compliance by December 2, 2026.
- Previous Status: As of June 5, 2026, the company failed to meet the $2.5 million equity minimum and did not satisfy alternative standards based on market value or net income.
Outlook, Risks, and Contingencies
Management has announced the extension via a press release (Exhibit 99.1). The filing outlines significant risks regarding the company's listing status:
- Delisting Risk: If the company fails to satisfy the terms of the extension by December 2, 2026, Nasdaq may issue a written determination to delist the common stock.
- Appeal Rights: In the event of a delisting determination, the company retains the right to appeal to a Nasdaq Hearings Panel.
- Ongoing Monitoring: Nasdaq will continue to monitor compliance through the company's next periodic report.
Investor Verification Checklist
- Verify the company's current stockholders' equity balance in the most recent quarterly or annual report to assess progress toward the $2.5 million threshold.
- Confirm the specific "compliance initiatives" the company plans to execute before the December 2, 2026 deadline.
- Monitor future filings for any updates on the company's ability to meet the equity requirement or alternative listing standards.
- Review the attached press release (Exhibit 99.1) for additional details on management's strategy to regain compliance.