{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-006234","form_type":"8-K","ticker":"XELB","cik":"0001083220","company_name":"XCel Brands, Inc.","filed_at":"2026-01-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.515131+00:00","generated_at":"2026-05-16T08:21:07.473683+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Xcel Brands signs $15M common stock purchase agreement with White Lion Capital","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-006234","json":"https://secwatch.observer/filing/0001104659-26-006234.json","markdown":"https://secwatch.observer/filing/0001104659-26-006234.md","text":"https://secwatch.observer/filing/0001104659-26-006234.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1083220/000110465926006234/0001104659-26-006234-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1083220/000110465926006234/tm263797d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T08:21:07.473683+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":"156dced3da992edcad56d5577284c5b7435eb02d","claim":"XCel Brands, Inc. entered into Purchase Agreement with White Lion Capital, LLC valued at up to $15.0 million (effective 2026-01-21).","evidence_excerpt":"On January 21, 2026 (the “Execution Date”), Xcel Brands, Inc. (the “Company”) entered into a common stock purchase agreement (the “Purchase Agreement”) and a registration rights agreement (the “Registration Rights Agreement”), with White Lion Capital, LLC (the “Investor”), pursuant to which the Investor has committed to purchase up to $15.0 million of the Company’s common stock","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1083220/000110465926006234/0001104659-26-006234-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"White Lion Capital, LLC"},{"label":"Value","value":"up to $15.0 million"},{"label":"Effective","value":"2026-01-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}