{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-036225","form_type":"8-K","ticker":"XELB","cik":"0001083220","company_name":"XCel Brands, Inc.","filed_at":"2024-03-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.314490+00:00","generated_at":"2026-06-04T12:52:13.984397+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Xcel Brands raises $2.1M in public offering and $288K insider private placement at $0.65/$0.98 per share","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-036225","json":"https://secwatch.observer/filing/0001104659-24-036225.json","markdown":"https://secwatch.observer/filing/0001104659-24-036225.md","text":"https://secwatch.observer/filing/0001104659-24-036225.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1083220/000110465924036225/0001104659-24-036225-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1083220/000110465924036225/tm249267d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T12:52:13.984397+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0483855a2c227b7b50839378530d33b0b8467da7","claim":"XCel Brands, Inc. entered into Underwriting Agreement with Craig-Hallum Capital Group LLC, as representative of the underwriters valued at approximately $1,750,000 (effective 2024-03-15).","evidence_excerpt":"On March 15, 2024, Xcel Brands, Inc. (the “Registrant”) entered into an underwriting agreement (the “Underwriting Agreement”) with Craig-Hallum Capital Group LLC (the “Representative”), as the representative of the underwriters named therein (the “Underwriters”), relating to a firm commitment underwritten public offering (the “Offering”) of 3,284,421 shares (the “Shares”) of the Registrant’s common stock, par value $0.001 per share (“Common Stock”) at a price to the public of $0.65 per Share.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1083220/000110465924036225/0001104659-24-036225-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"Craig-Hallum Capital Group LLC, as representative of the underwriters"},{"label":"Value","value":"approximately $1,750,000"},{"label":"Effective","value":"2024-03-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}