Vince completes nominal sale of Rebecca Taylor business; sees equity above $50M

VINCE HOLDING CORP.

Sold all shares of Rebecca Taylor, Inc. for $1 to Nova Acquisitions, LLC, owned by James Carroll.
Rebecca Taylor had no material operating assets after prior wind-down and creditor assignments.
No ongoing relationship exists between James Carroll and Vince or its affiliates after the sale.
Company expects stockholders' equity to exceed $50 million for Q1 ended May 4, 2024.
Sale executed under Stock Purchase Agreement with customary reps/warranties but no indemnification.

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