Exicure Inc. XCUR experienced a notable uptick in its stock price after hours as a result of the news that it had been given an extension for continued listing on the Nasdaq exchange. The company reported that it had met Nasdaq's minimum bid price requirement and had executed a debt-to-equity exchange, strengthening its financial position and compliance with listing standards. With just over 1 million shares available for public trading, Exicure is classified as a low-float stock, contributing to the significant price movement seen in the after-hours session.
The Nasdaq extension granted to Exicure requires the company to demonstrate compliance with all relevant criteria for continued listing by a specified date in November. Despite the volatility associated with low-float, micro-cap stocks, Exicure's shares surged over 200% in extended trading, reaching new 52-week highs. Exicure is currently trading at $7.10 after hours, illustrating the impact of the Nasdaq extension news on investor sentiment and market performance.