Xcel Brands Prices $2.6M Public Offering and Insider Private Placement

XCel Brands, Inc.

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.

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