DelistingAug 5, 2026, 05:14 PM
Destination XL Group Transfers to Nasdaq Capital Market; Gets Extension
AI Summary
Destination XL Group, Inc. announced that Nasdaq approved its application to transfer its common stock listing from the Nasdaq Global Market to the Nasdaq Capital Market, effective August 7, 2026. This transfer follows the company's failure to meet the minimum $1.00 bid price requirement. The move grants the company an additional 180 calendar days, until February 1, 2027, to regain compliance. The company intends to monitor its stock price and may consider a reverse stock split if needed to meet the listing standard.
Key Highlights
- Company received initial non-compliance notice for minimum bid price on February 4, 2026.
- Initial compliance period was 180 calendar days, until August 3, 2026.
- Applied to transfer listing to Nasdaq Capital Market on June 30, 2026.
- Nasdaq approved transfer on August 4, 2026, effective August 7, 2026.
- Granted an additional 180-day compliance period until February 1, 2027.
- Must maintain a closing bid price of at least $1.00 for 10 consecutive business days.
- Company will consider a reverse stock split if necessary to regain compliance.
Price Impact
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