DESTINATION XL GROUP, INC. 8-K

What Happened

• Destination XL Group, Inc. (DXLG) reported in an 8-K filed Feb 6, 2026 that it received a Notice from Nasdaq on Feb 4, 2026 saying the company failed to meet Nasdaq’s $1.00 minimum bid price requirement based on the closing bid for the last 30 consecutive business days.
• Nasdaq has provided a 180-calendar-day compliance period, ending Aug 3, 2026, during which DXLG must have a closing bid of at least $1.00 for a minimum of ten consecutive business days to regain compliance. The Notice does not currently affect the company’s listing, ongoing operations, or SEC reporting.

Key Details

• Nasdaq Notice date: February 4, 2026; 8‑K filed: February 6, 2026 (signed by Robert S. Molloy).
• Deficiency: closing bid price below $1.00 for the last 30 consecutive business days.
• Cure window: 180 days (until August 3, 2026); requirement to reach ≥ $1.00 for 10 consecutive business days.
• Possible additional 180-day cure: available if DXLG transfers to The Nasdaq Capital Market, meets market-value/public-holdings and other initial listing standards (except bid price), notifies Nasdaq, and, if necessary, effects a reverse stock split.

Why It Matters

• If DXLG does not regain the minimum bid price within the initial (or any granted additional) compliance period, Nasdaq could delist the stock, which would likely reduce liquidity and could move trading to less regulated venues—making buying/selling shares harder and potentially lowering the stock’s marketability.
• The Notice itself has no immediate operational impact; the company says it will monitor the share price and consider options (including a reverse stock split) but gives no assurance it will succeed in regaining compliance. Investors should watch the stock’s closing price trends and company updates on any remedial actions.