secwatch.observer — SEC 8-K summary
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Issuer:     XCel Brands, Inc. (XELB)
CIK:        0001083220
Form:       8-K
Filed at:   2026-01-23T23:59:59+00:00
Accession:  0001104659-26-006234
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xcel Brands signs $15M common stock purchase agreement with White Lion Capital
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083220/000110465926006234/0001104659-26-006234-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083220/000110465926006234/tm263797d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-006234

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer