Destination XL Group, Inc. received Nasdaq approval to transfer its common stock listing from the Nasdaq Global Market to the Nasdaq Capital Market due to failure to maintain a $1.00 minimum bid price. The transfer becomes effective on August 7, 2026, with trading continuing under the symbol DXLG. This action grants the company an additional 180-day compliance period until February 1, 2027, to restore the stock price above $1.00 for ten consecutive business days. Management intends to monitor the bid price and may implement a reverse stock split if necessary to regain compliance before the deadline. Failure to comply by February 1, 2027, could result in delisting. Destination XL Group operates as an off-price retailer of men's plus-size apparel.
