Document/ExhibitDescriptionPagesSize 1: 8-K Current Report HTML 29K
6: R1 Cover HTML 45K
8: XML IDEA XML File -- Filing Summary XML 12K
11: XML XBRL Instance -- dxyn-20240326_htm XML 13K
7: EXCEL IDEA Workbook of Financial Report Info XLSX 8K
3: EX-101.DEF XBRL Definitions -- dxyn-20240326_def XML 38K
4: EX-101.LAB XBRL Labels -- dxyn-20240326_lab XML 71K
5: EX-101.PRE XBRL Presentations -- dxyn-20240326_pre XML 38K
2: EX-101.SCH XBRL Schema -- dxyn-20240326 XSD 10K
9: JSON XBRL Instance as JSON Data -- MetaLinks 13± 19K
10: ZIP XBRL Zipped Folder -- 0000029332-24-000025-xbrl Zip 36K
(Registrant's telephone number, including area code)
(Former
name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
io Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
io Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
io Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
io Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
iCommon
Stock, $3 Par Value
iDXYN
iNASDAQ Stock Market, LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities
Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company io
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of
the Exchange Act. o
The Company announced today it received an extension of 180 calendar days from the NASDAQ Stock Market LLC (“Nasdaq”) to regain compliance with the Nasdaq’s minimum $1.00 bid price requirement set forth in Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market (the “bid price requirement”), following expiration of the initial 180 calendar day period to regain compliance with the Bid Price Requirement, and the Company’s written notice of its intent to cure
the deficiency during the second compliance period.
As a result of the extension, the company now has until September 23, 2024 to regain compliance with the Bid Price Requirement. If at any time before September 23, 2024 the bid price of the Company’s common shares closes at or above $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written notification to the Company that it has achieved compliance with the Bid Price Requirement. The Company
will continue to monitor the closing bid price of its common stock and the Company will consider all available options to regain compliance with the Minimum Bid Price Requirement.
If the Company does not regain compliance with the Bid Price Requirement by September 23, 2024 Nasdaq will provide written notification to the Company that its shares will be subject to delisting. At such time, the Company may appeal the delisting determination to a Nasdaq Hearings panel. The
Company would remain listed pending the panel’s decision. There can be no assurance that, if the Company does appeal a subsequent delisting determination, such appeal would be successful.
Nasdaq’ extension notice has no immediate effect on the listing or trading of the Company’s common stock, which will trade on the Nasdaq Capital Market under the symbol “DXYN”.
2
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.