XCel Brands, Inc. (XELB): Nasdaq/NYSE listing notice — Xcel Brands receives Nasdaq bid price deficiency notice; 180 days to regain compliance

XCel Brands, Inc.

Received Nasdaq letter on Nov 22, 2022 for bid price below $1.00 for 30 consecutive business days.
Has 180 calendar days, until May 22, 2023, to regain compliance with minimum $1.00 bid.
Can regain compliance if closing bid price is at least $1.00 for 10 consecutive business days.
If non-compliant, may seek additional time by paying $5,000 fee and submitting transfer application.
Company intends to monitor and consider options including potential reverse stock split.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

XCel Brands, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5810(c)(3)(A)

Exact text from the filing

November 22, 2022, Xcel Brands, Inc. (the “Company”), received a letter from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that the minimum bid price per share for its common stock fell below $1.00 for a period of 30 consecutive business days. Therefore, the Company did not meet the minimum bid price requirement set forth in the Nasdaq Listing Rules. The letters also state that pursuant to Nasdaq Listing Rules 5810(c)(3)(A), the Company will be provided 180 calendar days to regain compliance with the minimum bid price requirement, or until

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XCel Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-22-018183

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