Destination XL Group, Inc. Announces Transition to OTCQX from Nasdaq Capital Market
CANTON, Mass., Dec. 11, 2020 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the largest omni-channel specialty retailer of big and tall men's clothing, today announced that it has notified The Nasdaq Stock Market (Nasdaq) of its intention to voluntarily delist its common stock from the Nasdaq Capital Market.
- CANTON, Mass., Dec. 11, 2020 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the largest omni-channel specialty retailer of big and tall men's clothing, today announced that it has notified The Nasdaq Stock Market (Nasdaq) of its intention to voluntarily delist its common stock from the Nasdaq Capital Market.
- Subsequently, on November 27, 2020, the Company received a letter from Nasdaq indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(b)(1) which requires the Company to maintain a minimum $2.5 million stockholders equity for continued listing on the Nasdaq Capital Market.
- Destination XL Group, Inc. is the largest retailer of mens clothing in sizes XL and up, with operations throughout the United States as well as in Toronto, Canada.
- The Company is headquartered in Canton, Massachusetts, and its common stock is listed on the NASDAQ Capital Market under the symbol "DXLG."