DIXIE GROUP INC (DXYN): Nasdaq/NYSE listing notice — Dixie Group receives Nasdaq deficiency notice for bid price below $1.00; has until March 2024 to regain compliance

DIXIE GROUP INC

Nasdaq notified Dixie Group on September 27, 2023 that closing bid price was below $1.00 for 30 consecutive business days.
Company has until March 25, 2024 to regain compliance by maintaining $1.00+ closing bid price for 10 consecutive days.
If not cured by deadline, Dixie may seek an additional 180-day grace period if it meets other listing standards.
Failure to cure could lead to delisting; company intends to take reasonable steps but cannot assure compliance.

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

September 27, 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

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DIXIE GROUP INC filing history →

Source: SEC EDGAR

accession 0000029332-23-000080

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