{"filings":[{"id":648526,"accession_number":"0001104659-26-065835","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2026-05-22T22:49:50+00:00","items":["8.01"],"status":"ready","headline":"Xcel Brands sells 7,500 shares to White Lion Capital under $15M equity line","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["On May 20 & 22, 2026, sold 2,500 and 5,000 shares at avg lowest-trade prices of $1.98 and $2.14.","Total proceeds from these two sales were $15,650.","Cumulative proceeds under Purchase Agreement now $15,650 from 7,500 shares issued through May 22, 2026.","Agreement with White Lion Capital LLC, dated Jan 21, 2026, allows up to $15.0M in stock sales."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":91162,"accession_number":"0001104659-26-053074","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2026-04-30T23:59:59+00:00","items":["1.01"],"status":"ready","headline":"Xcel Brands sells Judith Ripka brand assets for $2.3M cash plus up to $0.75M contingent","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Asset purchase agreement with Judith Ripka Designs, LLC for substantially all JR Licensing assets including the brand.","Cash payment at closing of $2.3 million.","Up to an additional $0.75 million in contingent consideration.","Sale includes the Judith Ripka brand name and trademarks."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":91161,"accession_number":"0001104659-26-044940","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2026-04-17T23:59:59+00:00","items":["1.01","2.03","3.02","9.01"],"status":"ready","headline":"Xcel Brands issues $3M senior secured notes, amends existing loan; CEO-linked entity participates","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $3,005,780.35 of 12.5% Senior Secured Notes due April 13, 2027 to CEO-controlled IPX and two other purchasers; also issued 100,579 common shares.","Non-IPX Notes convertible at $1.165 initially or 85% of 10-day VWAP after May 17, 2026; IPX note convertible at $1.435.","Seventh Amendment to existing loan allows IPX to convert its $500k Term Loan A to common at $1.435; modifies covenants and payment terms.","Outstanding debt: Term Loan A $500k (due Sep 2027), Term Loan B $10.08M (due Dec 2028); Subordinated Obligations subordinated to Secured Notes.","Shares issued in unregistered offering exempt under Section 4(a)(2) of Securities Act."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":101108,"accession_number":"0001104659-26-033880","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2026-03-24T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Xcel Brands amends loan pact; posts $500K cash collateral, eases liquidity covenant to $0","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Amended credit agreement to transfer up to $500K from Blocked Account to cash collateral securing obligations.","Liquid asset covenant reduced to $500K less applied collateral prior to First Out repayment, then $0.","Transaction closing deadline extended to March 24, 2026.","Amendment dated March 20, 2026, with lenders including First Eagle funds (FEAC Agent, LLC)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":101107,"accession_number":"0001104659-26-019105","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2026-02-24T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Xcel Brands enters Fifth Amendment to loan agreement, commits $500K prepayment, extends closing to Mar 6","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Xcel committed to prepay $500,000 on Term Loan A from its blocked account immediately following the Fifth Amendment effective date.","Liquid asset covenant requirement reduced to $500,000 at all times before full repayment of First Out Obligations.","Transaction closing date for Specified Asset Sale or Refinancing Alternative extended to March 6, 2026.","Prepayment is not subject to any prepayment fee, per the amendment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":101106,"accession_number":"0001104659-26-006234","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2026-01-23T23:59:59+00:00","items":["1.01","3.02","9.01"],"status":"ready","headline":"Xcel Brands signs $15M common stock purchase agreement with White Lion Capital","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Up to $15M of common stock may be sold to White Lion over 24 months at a discount to market price.","Pricing: 97% of lowest VWAP (VWAP purchases) or avg of 3 lowest closing prices (regular purchases).","Commitment shares of $37,500 to be issued; proceeds used for working capital and general corporate purposes.","Volume limited to 30% of 5-day avg daily trading volume; Exchange Cap at 1,178,173 shares (19.99% of outstanding).","Maxim Group LLC receives 4% cash fee on gross proceeds; investor agrees not to short stock."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":117438,"accession_number":"0001104659-25-122806","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2025-12-19T23:59:59+00:00","items":["1.01","3.02","9.01"],"status":"ready","headline":"Xcel Brands closes $2.05M PIPE; CEO invests $100K alongside investors","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Gross proceeds $2.05M from 977,592 shares and 692,463 pre-funded warrants at $1.2275 each; net ~$1.75M.","Warrants issued to purchase 835,023 shares at $3.00, expiring in 5 years.","CEO Robert D'Loren bought 81,466 shares and 40,733 warrants for $100,000.","Proceeds for working capital; 60-day lockup on further equity sales.","Wellington Shields acted as placement agent, earning 8% fee and warrants for 66,802 shares."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":117437,"accession_number":"0001104659-25-118904","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2025-12-05T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Xcel Brands shareholders approve 3x increase in equity plan shares","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All five director nominees re-elected; Robert D'Loren received 1,498,701 votes for.","Amended 2021 Equity Incentive Plan authorized increase from 400,000 to 1,150,000 shares (1,191,505 for, 507,802 against).","Equity grants issued: 39,583 restricted shares, 113,500 vested options, 45,000 unrestricted shares to directors.","CEO Robert D'Loren receives 250,674 performance-based options; CFO James Haran 53,716; Seth Burroughs 35,811.","Ratification of Wolf & Company as auditor approved with 3,272,452 votes for (99% of cast)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.15,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":117436,"accession_number":"0001104659-25-098726","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2025-10-10T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Xcel Brands amends loan; liquid asset covenant cut to $1M; IM Topco sale consented","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Lenders consented to sale of all equity in IM Topco to IMWHP2, LLC.","Liquid asset covenant reduced from prior level to $1,000,000.","Xcel made a $250,000 prepayment (including $140,000 from blocked account).","Successful IM Topco Sale defined as net consideration exceeding $46 million.","Amendment executed October 7, 2025, with lenders including First Eagle funds."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":117435,"accession_number":"0001104659-25-096144","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2025-10-02T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Xcel Brands transfers 17.5% stake in IM Topco, receives contingent payment right","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Transfers all 175 units (17.5% of IM Topco) to IMWHP2 LLC effective Oct 1, 2025.","Receives capital appreciation right: 15% of net consideration above $46M from IM Topco transaction by Sept 2032.","Xcel-CT subsidiary released from further liability under License Termination Agreement; mutual releases of claims.","Disputes over ISAAC MIZRAHI brand settled; all past trade payables paid.","Xcel retains right to 15% of upside in IM Topco if sold above $46M hurdle."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":133852,"accession_number":"0001104659-25-091675","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2025-09-19T23:59:59+00:00","items":["4.01","9.01"],"status":"ready","headline":"Xcel Brands dismisses recently-appointed auditor CBIZ CPAs, appoints Wolf; discloses material weakness","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Dismissed CBIZ CPAs on Sep 15, 2025; no disagreements but a material weakness was identified.","Appointed Wolf & Company, PC as new independent auditor on Sep 16, 2025 for FY 2025.","Material weakness: inability to file 10-K/10-Q on time due to reliance on third party for unconsolidated affiliate financial info.","CBIZ CPAs issued no audit report during its brief engagement from May to September 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":133851,"accession_number":"0001558370-25-011613","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2025-08-15T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Xcel Brands Q2 2025 revenue $1.3M, net loss $4.0M; social following surges to 43M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue fell 55% YoY to $1.3M due to the June 2024 divestiture of the Lori Goldstein brand.","GAAP net loss of $4.0M ($1.66 per share) vs net income of $0.2M in Q2 2024.","Adjusted EBITDA negative $0.3M; 45% YoY improvement excluding Lori Goldstein contribution.","Year-to-date 2025 Adjusted EBITDA improved 38% to negative $1.0M; company targets breakeven by end of 2025.","Social media following expanded from 5M to 43M; multiple new influencer brands launched in Q2."],"consensus_eps_estimate":null,"consensus_eps_actual":-2.84,"consensus_revenue_estimate":null,"consensus_revenue_actual":2653000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":133850,"accession_number":"0001104659-25-075178","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2025-08-07T23:59:59+00:00","items":["1.01","3.02","9.01"],"status":"ready","headline":"Xcel Brands Prices $2.6M Public Offering and Insider Private Placement","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Public offering of 2,181,818 shares at $1.10/share; gross proceeds ~$2.6M combined with private placement.","Concurrent private placement of 143,042 shares at $1.38/share to CEO Robert D'Loren and director Mark DiSanto.","Net proceeds ~$2.0M for brand development, working capital, and general corporate purposes.","Placement agent warrants for 77,215 shares at $1.10, exercisable after 180 days for 4.5 years.","Lock-up agreements for 90 days on insiders and company."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":150596,"accession_number":"0001558370-25-008766","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2025-06-20T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Xcel Brands shareholders approve warrant exercise and reverse split at special meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Warrant Exercise Proposal passed: 1,020,922 for, 5,503 against, 610,074 broker non-votes.","Reverse Stock Split Proposal approved: 1,613,691 for, 23,019 against, 0 broker non-votes.","Reverse split ratio range set at 1-for-2 to 1-for-5; board may implement anytime before March 25, 2026.","Both proposals related to refinancing closed April 21, 2025 and Nasdaq listing compliance.","No adjournment needed as both proposals received sufficient votes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":150595,"accession_number":"0001558370-25-008247","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2025-05-29T23:59:59+00:00","items":["4.01","9.01"],"status":"ready","headline":"Xcel Brands replaces Marcum with CBIZ CPAs as auditor; 2024 report had going concern note","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Marcum LLP resigned as independent auditor effective May 27, 2025, due to acquisition of its attest business by CBIZ CPAs.","Audit Committee approved engagement of CBIZ CPAs as successor auditor for fiscal year ending Dec 31, 2025.","No disagreements with Marcum on accounting principles or audit scope during 2023, 2024, or subsequent interim period.","Marcum's 2024 audit report included an explanatory paragraph about substantial doubt as a going concern, previously disclosed.","Material weaknesses as of Dec 31, 2024 were noted but no other reportable events."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":150594,"accession_number":"0001558370-25-008194","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2025-05-28T23:59:59+00:00","items":["3.01","9.01"],"status":"ready","headline":"Xcel Brands receives Nasdaq delinquency notice for late filings; 10-K filed","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Received Nasdaq delinquency notice on May 22, 2025 for non-compliance due to late 10-K and 10-Q filings.","Filed delinquent 10-K on May 28, 2025; intends to file 10-Q by June 30, 2025 to regain compliance.","Must submit compliance plan by June 30, 2025; any granted exception limited to October 13, 2025.","No immediate effect on listing or trading of common stock on Nasdaq Capital Market."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":150593,"accession_number":"0001558370-25-006200","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2025-05-02T23:59:59+00:00","items":["3.01"],"status":"ready","headline":"Xcel Brands receives Nasdaq deficiency notice for late 10-K filing","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Nasdaq notified Xcel Brands (XELB) of non-compliance with Listing Rule 5250(c)(1) due to late Form 10-K for FY2024.","No immediate effect on listing or trading of common stock on Nasdaq Capital Market.","Company must submit a compliance plan within 60 days or file the 10-K within that period to regain compliance.","If Nasdaq accepts plan, extension possible until October 13, 2025.","Company intends to file Form 10-K as soon as practicable and within the 60-day window."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":150592,"accession_number":"0001558370-25-005407","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2025-04-24T23:59:59+00:00","items":["1.01","2.03","3.02","9.01"],"status":"ready","headline":"Xcel Brands enters loan amendment, adds $5.12M debt, cuts IM Topco ownership to 17.5%","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Reduced ownership in IM Topco from 30% to 17.5% via membership interest transfer on April 15, 2025.","Entered Second Amendment to Loan Agreement on April 21, 2025, adding $5.12M Term Loan B (total $9.12M) and repaying $1.5M of Term Loan A, leaving $2.45M outstanding.","Issued warrants to UTG for 1,107,455 shares at exercise prices $6.60-$17.50; issued 30,000 warrants to Restore at $6.67.","Term Loan B interest: SOFR + 6.5% (2.0% floor), paid in-kind through March 2027; maturity December 12, 2028.","UTG granted right to nominate one board member while holding at least $1M participation or 300,000 shares."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":169551,"accession_number":"0001558370-25-003550","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2025-03-24T23:59:59+00:00","items":["3.03","5.03","9.01"],"status":"ready","headline":"Xcel Brands implements 1-for-10 reverse stock split to regain Nasdaq compliance","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Reverse stock split 1:10 effective March 24, 2025, approved by stockholders on March 12, 2025.","Common stock ticker XELB unchanged; new CUSIP 98400M200; no fractional shares; cash paid in lieu.","Action intended to meet Nasdaq $1.00 minimum bid price requirement for continued listing.","Shares underlying options and warrants proportionately adjusted with exercise price adjustments."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":169550,"accession_number":"0001558370-25-003418","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2025-03-21T23:59:59+00:00","items":["3.03","5.03","7.01","9.01"],"status":"ready","headline":"Xcel Brands announces 1-for-10 reverse stock split effective March 25, 2025","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Effective at market open on March 25, 2025; every 10 shares become 1 share.","Ticker symbol XELB unchanged; new CUSIP is 98400M200.","No fractional shares issued; cash paid in lieu for fractional interests.","Split intended to help meet Nasdaq $1.00 minimum bid price listing requirement.","Chairman approved 1-for-10 ratio after stockholder authorization on March 12, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":169549,"accession_number":"0001558370-25-002913","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2025-03-13T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Xcel Brands shareholders approve reverse stock split and authorized share reduction","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Reverse stock split approved at ratio of 1-for-2 to 1-for-10, ratio to be set by Board Chairman.","Authorized shares decreased from 51M to 16M total; common stock authorized shares cut from 50M to 15M.","All three proposals passed with overwhelming margins; reverse split had 15,214,948 votes for, 76,468 against.","Special meeting held March 12, 2025; 15.3M of 23.7M outstanding shares voted, constituting a quorum."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":186594,"accession_number":"0001558370-24-016245","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2024-12-16T23:59:59+00:00","items":["1.01","2.03","3.02","9.01"],"status":"ready","headline":"Xcel Brands closes $10M secured loan facility, repays IDB debt, issues 1.46M warrants","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["New term loans: $3.95M (A), $4M (B), $2.05M delayed draw; maturity Dec 12, 2028.","Interest: SOFR (2% floor) + 8.5% (A/DDTL) and 13.5% (B); quarterly principal payments of $250k from Mar 2026.","Proceeds repaid $200k advance from IPX (CEO D'Loren) and existing IDB term loan; balance for working capital.","Issued 1,456,667 warrants at $0.6315/share; IPX purchased 12.5% subordinated participation in Term Loan B for $0.5M.","Loan guaranteed by subsidiaries, secured by all assets; borrowing base based on IP liquidation value minus $3M block."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":186593,"accession_number":"0001558370-24-016159","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2024-12-11T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Xcel Brands annual meeting elects directors, approves executive compensation, and ratifies Marcum LLP as auditor","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Five director nominees elected: D'Loren (10,162,383 for), DiSanto (10,144,392), Fielding (10,162,553), Liebaum (10,144,358), Weinswig (10,162,519).","Advisory vote on executive compensation approved with 10,137,051 for, 109,373 against, 10,119 abstentions.","Shareholders selected three-year frequency for future say-on-pay votes (7,019,682 votes for three-year).","Ratification of Marcum LLP as independent auditor for FY2024 passed with 11,996,871 for, 387,895 against, 108,559 abstentions.","All proposals passed with broker non-votes ranging from 2,236,782 for director elections to 0 for auditor ratification."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.15,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":186592,"accession_number":"0001558370-24-015946","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2024-11-27T23:59:59+00:00","items":["3.01","9.01"],"status":"ready","headline":"Xcel Brands receives Nasdaq delisting notice for late Q3 10-Q filing","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Received Nasdaq notice on Nov 25, 2024 for failing to timely file Form 10-Q for quarter ended Sep 30, 2024.","Must submit compliance plan within 60 days; Nasdaq may grant extension until May 19, 2025.","Company plans to file the 10-Q within 60 days to regain compliance and avoid submitting a plan.","No immediate impact on listing or trading of XELB common stock on the Nasdaq Capital Market.","Press release issued November 27, 2024 disclosing the notification."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":203173,"accession_number":"0001558370-24-012678","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2024-09-09T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Xcel Brands furnishes investor presentation; no specific financials disclosed in filing","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Investor presentation furnished as Exhibit 99.1 under Item 7.01.","Presentation dated June 30, 2024, but full content not available in filing text.","No new financial results or guidance provided in the 8-K body.","Filing is for informational purposes and not deemed filed under Exchange Act."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":203172,"accession_number":"0001558370-24-010706","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2024-08-02T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Xcel Brands amends CEO and EVP agreements to pay 40% of base salary in stock through Dec 2025","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["CEO Robert D'Loren and EVP Seth Burroughs will receive 40% of base salary in common shares monthly from July 16, 2024 to Dec 31, 2025.","Shares issued on the last day of each month; number = 40% of pro-rated monthly salary / closing price on last trading day.","Executives may forfeit a portion of shares to cover withholding taxes.","Other terms of the 2019 employment agreements remain unchanged."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":203171,"accession_number":"0001558370-24-010055","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2024-07-24T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Xcel Brands posts preliminary Q2 net income $195K on $3.8M gain from asset sale","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $2.95M (Q2), $5.14M (H1 2024); net loss $6.1M for six months.","Q2 net income includes $3.8M one-time gain from sale of Lori Goldstein brand assets.","Adjusted EBITDA loss of $40K in Q2; impairment charge of $1.2M from office exit.","Results are preliminary and unaudited; subject to completion of financial closing."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.28,"consensus_revenue_estimate":null,"consensus_revenue_actual":5138000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":219487,"accession_number":"0001558370-24-009446","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2024-06-24T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Xcel Brands sells Lori Goldstein brand assets back to founder, max consideration $1.27M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Asset purchase agreement with Lori Goldstein Ltd for sale of trademarks, IP, and related assets effective June 30, 2024.","Consideration includes waiver of earn-outs and unpaid amounts; tax value capped at $1.27 million.","Xcel retains net royalties through June 30, 2024; Buyer assumes product returns after that date.","Employment and consulting agreements with Lori Goldstein terminated at closing.","Transaction requires QVC consent for assignment of contracts."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":219486,"accession_number":"0001558370-24-008644","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2024-05-24T23:59:59+00:00","items":["1.01"],"status":"ready","headline":"Xcel Brands sells Lori Goldstein assets back to Goldstein; terminates earn-out obligations","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Sale of all Lori Goldstein-related IP and QVC agreement to Lori Goldstein Ltd, effective June 30, 2024.","LG waives unpaid 2023 earn-out and pro-rata 2024 earn-out; future earn-out and bonus rights cancelled.","LG to remain employed and fulfill QVC appearances through closing; parties aim for definitive agreements by June 21.","Arbitration proceeding adjourned without prejudice pending execution of definitive agreements."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":219485,"accession_number":"0001558370-24-005378","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2024-04-19T23:59:59+00:00","items":["2.02","3.01","9.01"],"status":"ready","headline":"Xcel Brands reports FY2023 net loss $21.1M, receives Nasdaq bid price deficiency notice","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["GAAP net loss $21.1M for FY2023 vs $4.0M prior year (included $20.6M gain on Isaac Mizrahi sale).","Q4 net revenue $2.3M, down 44% YoY; Adjusted EBITDA improved to -$1.2M from -$5.9M.","Received Nasdaq deficiency letter for bid price below $1.00; 180-day cure period until Oct 14, 2024.","Restructuring complete: reduced salaries/opex by $14M, entered new licensing for Halston, Judith Ripka, etc.","Closed $5M term loan in Q4 2023; cash $3.0M, equity $48M at year-end."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":239311,"accession_number":"0001104659-24-036225","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2024-03-19T23:59:59+00:00","items":["1.01","3.02","9.01"],"status":"ready","headline":"Xcel Brands raises $2.1M in public offering and $288K insider private placement at $0.65/$0.98 per share","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Firm commitment offering of 3,284,421 shares at $0.65/share, gross proceeds $2,134,874.","Net proceeds expected ~$1,750,000; used for working capital and general corporate purposes.","CEO Robert D'Loren, Director DiSanto, EVP Burroughs buy 294,642 shares at $0.98/share in private placement.","Craig-Hallum receives warrants to purchase 178,953 shares at $0.8125, exercisable after 180 days for 4.5 years.","Lock-up agreements for directors/executives for 60 days from March 19, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":239310,"accession_number":"0001104659-24-031906","cik":1083220,"company_name":"XCel Brands, Inc.","ticker":"XELB","form_type":"8-K","filed_at":"2024-03-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Xcel Brands reports preliminary 2023 revenue of $17.6M and net loss of $20.9M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 2023 revenue $2.13M; full-year revenue $17.6M vs prior 2024 goal of $17.7M reiterated as not a forecast.","Full-year net loss attributable to stockholders $20.9M ($0.81 per share); Q4 net loss $6.65M.","Full-year adjusted EBITDA loss of $5.65M; Q4 adjusted EBITDA loss of $1.07M.","Year-end cash and cash equivalents approximately $3.0M.","Results are preliminary and unaudited; independent accounting firm has not audited or reviewed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":12940000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}