Item 8.01 - Other Events

On December 11, 2019, TX Holdings, Inc., a Georgia corporation (the "Company"), filed a Form 15 with the Securities and Exchange Commission ("SEC") to voluntarily terminate the registration of its common stock under Section 12(g) of the Securities Exchange Act of 1934, as amended ("Securities Exchange Act"). The Company may terminate the registration of its common stock by filing a Form 15 under Section 12(g) of the Securities Exchange Act because the Company has fewer than 500 holders of record of its securities and the total assets of the Company have not exceeded $10 million on the last day of each of the Company's three most recent fiscal years. The Company's obligations to file periodic reports, such as Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, under Section 13(a) of the Securities Exchange Act were suspended upon filing the Form 15. The termination of registration under Section 12(g) of the Securities Exchange Act is expected to be effective 90 days after filing of the Form 15 at which time the Company's other filing requirements under Section 13(a) of the Exchange Act will terminate.

The Company's common stock is quoted on the OTC Markets Group, LLC's OTC Pink Market, a centralized electronic quotation service for over-the-counter securities. For more information about the OTC Pink Market, please see www.otcmarkets.com. The Company expects that its common stock will continue to be traded on the OTC Pink Market as long as market makers demonstrate an interest in trading in the Company's common stock. However, there is no assurance trading in the Company's common stock will continue on the OTC Pink Market or on any other securities exchange or quotation medium.

The decision of the Company's Board of Directors to terminate the registration of the Company's common stock was based on the consideration of numerous factors, including the costs of preparing and filing periodic reports with the SEC, the outside accounting, audit, legal and other costs and expenses associated with being a public company, the burdens placed on Company management to comply with reporting requirements, and the low trading volume in the Company's common stock.

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