Xcel Brands sells 7,500 shares to White Lion Capital under $15M equity line

XCel Brands, Inc.

On May 20 & 22, 2026, sold 2,500 and 5,000 shares at avg lowest-trade prices of $1.98 and $2.14.
Total proceeds from these two sales were $15,650.
Cumulative proceeds under Purchase Agreement now $15,650 from 7,500 shares issued through May 22, 2026.
Agreement with White Lion Capital LLC, dated Jan 21, 2026, allows up to $15.0M in stock sales.

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