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Exicure | NT 10-Q: Notice under Rule 12b25 of inability to timely file all or part of a form 10-Q or 10-QSB

SEC announcement ·  May 15 16:52
Summary by Moomoo AI
Exicure, Inc. has announced that it will not meet the prescribed due date for filing its Quarterly Report on Form 10-Q for the period ended March 31, 2024. The delay is due to the company's ongoing process of completing restatements for its financial statements for the first and second quarters of 2023, as well as the filing of related Form 10-Q amendments and its third quarter of 2023 financial statements. Additionally, Exicure needs to complete and file its Annual Report on Form 10-K for the year ended December 31, 2023. The company has not filed its third quarter 2023 10-Q and 2023 10-K reports. Significant changes in operations are anticipated in the upcoming earnings statements due to a major reduction in workforce, suspension of preclinical activities, and...Show More
Exicure, Inc. has announced that it will not meet the prescribed due date for filing its Quarterly Report on Form 10-Q for the period ended March 31, 2024. The delay is due to the company's ongoing process of completing restatements for its financial statements for the first and second quarters of 2023, as well as the filing of related Form 10-Q amendments and its third quarter of 2023 financial statements. Additionally, Exicure needs to complete and file its Annual Report on Form 10-K for the year ended December 31, 2023. The company has not filed its third quarter 2023 10-Q and 2023 10-K reports. Significant changes in operations are anticipated in the upcoming earnings statements due to a major reduction in workforce, suspension of preclinical activities, and cessation of all research and development activities announced in September 2022. Exicure is also exploring strategic alternatives to maximize shareholder value. As a result of these changes, there are no research and development expenses reported for 2024, and general and administrative expenses are expected to be lower than the previous year. The notification was signed by CEO Paul Kang on May 15, 2024.

This announcement is a separate document:

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