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Exicure, Inc. Regains Compliance with Nasdaq Minimum Bid Price Requirement
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Exicure, Inc. (Nasdaq: XCUR) announced on July 19, 2022, that it has regained compliance with Nasdaq's $1.00 minimum bid price requirement. The Office of General Counsel confirmed that the company meets all listing standards, leading to the cancellation of a scheduled hearing before the Nasdaq Hearings Panel. Exicure focuses on developing nucleic acid therapies for neurological disorders and hair loss, operating from its Chicago facility.
Positive
Regained compliance with Nasdaq's $1.00 minimum bid price requirement.
Continuing to meet all applicable listing standards.
Negative
None.
CHICAGO--(BUSINESS WIRE)--
Exicure, Inc. (Nasdaq: XCUR), an early-stage biotechnology company focused on the development of next generation nucleic acid therapies targeting RNA to address both genetic and non-genetic neurological disorders and hair loss disorders, today announced that on July 19, 2022, it received a letter from the Office of General Counsel of The Nasdaq Stock Market LLC informing it that Nasdaq has confirmed that the Company has regained compliance with the $1.00 per share minimum bid price requirement pursuant to Nasdaq Listing Rule 5450(a)(1) and that the Company is in compliance with all applicable listing standards. Accordingly, the scheduled hearing before the Nasdaq Hearings Panel has been cancelled and the Company’s Common Stock will continue to be listed and traded on The Nasdaq Capital Market.
About Exicure
Exicure, Inc. is an early-stage biotechnology company developing nucleic acid therapies targeting ribonucleic acid against validated targets to neurological disorders and hair loss. The team includes a diverse scientific group with expertise in nucleic acid chemistry, drug development and neuroscience. Headquartered in Chicago, Illinois, the Company conducts its discovery and development efforts in-house with a dedicated 30,000 square foot facility, including rapid and automated high throughput nucleic acid synthesis and screening. For further information, see www.exicuretx.com.
