Destination XL wins Nasdaq approval to shift to Capital Market amid $1 bid-price compliance breach
Reuters2026/08/05 22:49- 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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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