Dixie Group receives Nasdaq delisting notice for failing $1 bid price

DIXIE GROUP INC

Company received delisting letter on Sept 24, 2024, after failing to regain compliance within 180-day extension.
Deadline to appeal is Oct 1, 2024; appeal stays delisting pending Nasdaq hearing panel decision.
If no appeal, trading suspended Oct 3, 2024, and Form 25-NSE will remove stock from Nasdaq.
Initial bid price deficiency disclosed on March 26, 2024, when extension was granted.

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