Xcel Brands sells Lori Goldstein brand assets back to founder, max consideration $1.27M

XCel Brands, Inc.

Asset purchase agreement with Lori Goldstein Ltd for sale of trademarks, IP, and related assets effective June 30, 2024.
Consideration includes waiver of earn-outs and unpaid amounts; tax value capped at $1.27 million.
Xcel retains net royalties through June 30, 2024; Buyer assumes product returns after that date.
Employment and consulting agreements with Lori Goldstein terminated at closing.
Transaction requires QVC consent for assignment of contracts.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.