Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or

Standard; Transfer of Listing.

Notice of Hearings Panel Delisting Decision

On November 3, 2020, Apex Global Brands Inc. (the "Company") received a notice from the Nasdaq Hearings Panel (the "Panel") that it has determined to delist the Company's common stock from The Nasdaq Stock Market ("Nasdaq") due to the Company's compliance history and its delays in meeting previous compliance deadlines imposed by the Panel. As a result of the Panel's decision, Nasdaq will suspend trading of the Company's common stock effective at the open of business on November 5, 2020. Nasdaq will complete the delisting by filing a Form 25 Notification of Delisting with the Securities Exchange Commission after applicable appeal periods have lapsed.

The Company does not plan to appeal the Panel's determination to delist the Company's common stock. After the Company's common stock is delisted from Nasdaq, the Company anticipates that its common stock will be quoted on the Pink Open Market of the OTC Markets Group. Although the Company will seek to establish relationships with market makers to provide additional trading opportunities in the Company's common stock, there can be no assurance that a market for the Company's shares will develop.


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