Zodiac Partners II, LLC Applauds the DXL Board of Directors for Recommending Against the FBB Merger and Extends the Expiration Date of Its Previously Announced Tender Offer

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West Palm Beach, FL, July 27, 2026 (GLOBE NEWSWIRE) -- Zodiac Partners II, LLC ("Zodiac Partners" or "Zodiac") today announced the results to date of its previously announced all-cash tender offer to acquire all outstanding shares of Destination XL Group, Inc. ("DXLG" or "DXL"), and announced that it has extended the expiration date. The offer, which had been scheduled to expire at 5:00 PM, Eastern Time, on July 24, 2026, has been extended to 5:00 PM, Eastern Time, on August 21, 2026. As of the prior expiration of the offer, approximately 18% of DXL's outstanding shares had been validly tendered and not withdrawn (~ 9,840,000 shares). Zodiac Partners continues to be overwhelmed by the growing strength of the stockholder response and, in light of it, has elected to further extend the offer. "We applaud the Board for doing what is right and recommending that stockholders vote against the Full Beauty Brands ("FBB") merger," said Ziggy Gokea, Managing Member of Zodiac Partners II, LLC. "The Board has now reached the same conclusion we have long held: this merger is not in the best interest of stockholders. We intend to give stockholders the alternative path they deserve. The strength of the support we have received to date is an obvious signal that stockholders want a choice and it has become clear, to us and now to the Board, that the FBB merger is flawed." A Choice for Stockholders Zodiac Partners commends the Board for recognizing and agreeing with the message its stockholders have sent, and for doing right by stockholders in recommending a vote against the Full Beauty Brands merger. Zodiac stands ready to give stockholders an alternative, all-cash path, remains confident that it can execute a definitive agreement within 45 days of being granted appropriate access, and is prepared to engage immediately. Terms The offer is now scheduled to expire at 5:00 PM, Eastern Time (ET), at the end of August 21st, 2026, unless the offer is extended. The full terms, conditions and other details of the tender offer are set forth in the amended offering documents that the Purchaser is filing promptly with the Securities and Exchange Commission (the "SEC"). Wyrick Robbins Yates & Ponton LLP is acting as legal counsel to Zodiac Partners II, LLC. In addition, the Purchaser reiterates that it intends to pursue all options to complete a transaction, including potentially ...

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