1. What Happened? – Icure at a Crossroads

On August 5th, 2025, Icure announced that the decision regarding its eligibility for listing review will be made on August 27th. If deemed ineligible, Icure faces the possibility of delisting.

2. Why is This Happening? – Financial Struggles and Uncertainty

Despite revenue growth in Q1 2025, Icure continues to report operating losses, and its high debt ratio raises concerns about its financial health. Adding to the uncertainty, the results of a National Tax Service investigation are pending.

3. What Happens Next? – August 27th, D-Day

The decision on Icure’s listing eligibility will be made on August 27th. If deemed ineligible, trading may be suspended, and delisting could follow. Conversely, a positive outcome could alleviate uncertainty and positively impact the stock price. However, the underlying financial challenges will remain.

4. What Should Investors Do? – A Cautious Investment Strategy is Essential

  • Hold and Observe: It’s advisable to hold off on any investment decisions until the August 27th announcement.
  • If Deemed Eligible: Consider investment from a long-term perspective, closely monitoring Icure’s fundamental improvements and global business performance.
  • If Deemed Ineligible: Seriously consider divesting, given the risk of delisting.