DIXIE GROUP INC (DXYN): Nasdaq/NYSE listing notice — Dixie Group receives Nasdaq deficiency notice for bid price below $1.00; faces potential delisting

DIXIE GROUP INC

Received Nasdaq notification on Jan 30, 2023: closing bid price below $1.00 for 30 consecutive business days.
Company has until July 31, 2023 to regain compliance with bid price ≥$1.00 for 10 consecutive trading days.
If not compliant by July 31, may request additional 180-day grace period if meeting other listing standards.
Failure to cure could lead to delisting; company intends to take all reasonable measures to regain compliance.
No immediate effect on listing; common stock remains listed on Nasdaq during cure period.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

DIXIE GROUP INC received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

January 30, 2023, The Dixie Group, Inc. (the "Company") received a notification letter from the Nasdaq Listing Qualifications Staff of The NASDAQ Stock Market LLC ("Nasdaq") notifying the Company that the closing bid price for its common stock had been below $1.00 for the previous 30 consecutive business days and that the Company therefore is not in compliance with the minimum bid price requirement for continued inclusion on the Nasdaq Global Market under Nasdaq Listing Rule 5450(a)(l). The notification has no immediate effect on the listing of the Company's common stock on Nasdaq. Under the N

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DIXIE GROUP INC filing history →

Source: SEC EDGAR

accession 0000029332-23-000004

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