Destination XL wins Nasdaq approval to shift to Capital Market amid $1 bid-price compliance breach
DXLG•Nasdaq grants extension after bid-price deficiency
- Destination XL won a Nasdaq extension on its $1 minimum bid-price deficiency by shifting its listing to the Nasdaq Capital Market.
- Trading under DXLG moves from the Nasdaq Global Market to the Capital Market at the open on Aug. 7, 2026.
- The new deadline to regain compliance is Feb. 1, 2027; shares must close at or above $1 for 10 consecutive business days.
- A reverse stock split remains an option; it would need to be completed at least 10 business days before the deadline.
- Failure to meet the requirement by Feb. 1, 2027 could trigger a delisting notice, with an option to appeal to a Nasdaq hearings panel.
