<SEC-DOCUMENT>0002046701-26-000003.txt : 20260109
<SEC-HEADER>0002046701-26-000003.hdr.sgml : 20260109
<ACCEPTANCE-DATETIME>20260109080907
ACCESSION NUMBER:		0002046701-26-000003
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20260109
DATE AS OF CHANGE:		20260109

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EXICURE, INC.
		CENTRAL INDEX KEY:			0001698530
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		ORGANIZATION NAME:           	03 Life Sciences
		EIN:				815333008
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-90023
		FILM NUMBER:		26521384

	BUSINESS ADDRESS:	
		STREET 1:		2430 N. HALSTED ST.
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60614
		BUSINESS PHONE:		847-673-1707

	MAIL ADDRESS:	
		STREET 1:		2430 N. HALSTED ST.
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60614

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Max-1 Acquisition Corp
		DATE OF NAME CHANGE:	20170221

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Exicure HiTron Inc.
		CENTRAL INDEX KEY:			0002046701
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			M5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		99-13 MASAN-GIL, MIYANG-MYEON
		CITY:			ANSEONG-SI, GYEONGGI-DO
		STATE:			MA
		ZIP:			17601
		BUSINESS PHONE:		821062202280

	MAIL ADDRESS:	
		STREET 1:		99-13 MASAN-GIL, MIYANG-MYEON
		CITY:			ANSEONG-SI, GYEONGGI-DO
		STATE:			MA
		ZIP:			17601

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HiTron Systems Inc.
		DATE OF NAME CHANGE:	20241127
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13D/A</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0002046701</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>3</amendmentNo>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <dateOfEvent>01/07/2026</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0001698530</issuerCIK>
        <issuerCUSIP>30205M309</issuerCUSIP>
        <issuerName>EXICURE, INC.</issuerName>
        <address>
          <com:street1>2430 N. HALSTED ST.</com:street1>
          <com:city>CHICAGO</com:city>
          <com:stateOrCountry>IL</com:stateOrCountry>
          <com:zipCode>60614</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>Alex Farkas</personName>
          <personPhoneNum>236-317-6203</personPhoneNum>
          <personAddress>
            <com:street1>Bentall 5, 550 Burrard Street</com:street1>
            <com:street2>Suite 2501</com:street2>
            <com:city>Vancouver</com:city>
            <com:stateOrCountry>A1</com:stateOrCountry>
            <com:zipCode>V6B 2B5</com:zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonCIK>0002046701</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Exicure HiTron Inc.</reportingPersonName>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>M5</citizenshipOrOrganization>
        <soleVotingPower>2592061.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>2592061.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>2592061.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>40.7</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Common Stock</securityTitle>
        <issuerName>EXICURE, INC.</issuerName>
        <issuerPrincipalAddress>
          <com:street1>2430 N. HALSTED ST.</com:street1>
          <com:city>CHICAGO</com:city>
          <com:stateOrCountry>IL</com:stateOrCountry>
          <com:zipCode>60614</com:zipCode>
        </issuerPrincipalAddress>
        <commentText>This Amendment No. 3 (this Amendment) to the statement on Schedule 13D with respect to the beneficial ownership of shares of common stock, par value 0.0001 per share (the Shares) of Exicure, Inc., a Delaware corporation (the Issuer), filed by Exicure HiTron Inc., a South Korean corporation (the Reporting Person), amends and supplements the beneficial ownership statement on Schedule 13D originally filed on November 29, 2024, as amended by Amendment No. 1 to the statement on Schedule 13D filed on March 26, 2025 and as amended by Amendment No. 2 to the statement on Schedule 13D filed on September 9, 2025 (such Schedule 13D and amendments, the Original Statement), as set forth below.

All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Original Statement. Except as specifically amended by this Amendment, items in the Original Statement are unchanged.
</commentText>
      </item1>
      <item3>
        <fundsSource>Item 3 of the Original Statement is hereby amended and supplemented as follows:

On January 7, 2026, the Reporting Person completed the Share Transfer (as defined in Item 4 of this Amendment), pursuant to which the Reporting Person transferred an aggregate of 741,272 Shares at a purchase price of $4.50 per Share, or $3,335,724 in the aggregate.
</fundsSource>
      </item3>
      <item4>
        <transactionPurpose>Item 4 of the Original Statement is hereby amended and supplemented as follows:

The Reporting Person entered into share transfer agreements dated December 30, 2025 (the Share Transfer Agreements) and agreed to transfer (the Share Transfer) an aggregate of 741,272 Shares at a price of $4.50 per Share for aggregate proceeds of $3,335,724, as follows:

Name of Transferee	   Number of Shares	   Proceeds
Im Sung Jin	                          248,028	                   $1,116,126
Lee Aram	                                  234,882	                   $1,056,969
Im Bumjin	                          258,362	                   $1,162,629

The Shares reported on this Amendment were transferred The Shares were transferred for liquidity purposes.
</transactionPurpose>
      </item4>
      <item5>
        <percentageOfClassSecurities>(a)	Item 5(a) of the Original Statement is hereby amended and restated as follows:

The percentage of beneficial ownership reported in this Item 5, and on the Reporting Persons cover page to this Amendment, is based on a total of 6,373,869 shares of common stock, which represents the number of shares of common reported as outstanding on November 3, 2025, as reported in the Issuers Form 10Q filed with the Securities and Exchange Commission on November 7, 2025. All of the share numbers reported below, and on the Reporting Persons cover page to this Amendment, are as of January 7, 2026, and give effect to the Share Transfers.  The cover page to this Amendment is incorporated by reference in its entirety into this Item 5.

The Reporting Person is the beneficial owner of a total of 2,592,061 shares of Common Stock, representing approximately 40.7 percent of the outstanding shares of Common Stock.
</percentageOfClassSecurities>
      </item5>
      <item6>
        <contractDescription>Item 6 of the Original Statement is hereby supplemented as follows:

The Reporting Person entered into Share Transfer Agreements and agreed to transfer an aggregate of 741,272 Shares at a price of $4.50 per Share for aggregate proceeds of $3,335,724, as follows:

Name of Transferee	   Number of Shares	       Proceeds
Im Sung Jin	                          248,028	                    $1,116,126
Lee Aram	                                  234,882	                    $1,056,969
Im Bumjin	                          258,362	                    $1,162,629


</contractDescription>
      </item6>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>Exicure HiTron Inc.</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Young Chul Han</signature>
          <title>CEO</title>
          <date>01/08/2026</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
