DESTINATION XL GROUP, INC. (DXLG) Form 8-K — Aug 5, 2026
Destination XL Group disclosed that Nasdaq approved its application to transfer its common stock listing from the Nasdaq Global Market to the Nasdaq Capital Market, effective at the opening of business on August 7, 2026, with shares continuing to trade under the symbol DXLG. The transfer follows a February 4, 2026 deficiency letter because the stock traded below Nasdaq's $1.00 minimum bid price for 30 consecutive business days. Nasdaq determined the company meets Capital Market initial listing standards (other than bid price) and granted an additional 180-day period, until February 1, 2027, to regain compliance by closing at or above $1.00 for at least ten consecutive business days.
Key figures
- Minimum bid price
- $1.00 per share
- Deficiency letter date
- 2026-02-04
- New compliance deadline
- 2027-02-01
- Transfer effective date
- 2026-08-07
- Initial compliance deadline
- 2026-08-03
- Additional compliance period
- 180 calendar days
- Consecutive business days required
- 10
- Reverse split completion requirement
- must be completed no later than ten business days prior to expiration of the additional compliance period
Price after filing
Close on the filing date to close N calendar days later (from $0.56). Historical, not a forecast.
AI analysis
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