Xcel Brands shareholders approve reverse stock split and authorized share reduction

XCel Brands, Inc.

Reverse stock split approved at ratio of 1-for-2 to 1-for-10, ratio to be set by Board Chairman.
Authorized shares decreased from 51M to 16M total; common stock authorized shares cut from 50M to 15M.
All three proposals passed with overwhelming margins; reverse split had 15,214,948 votes for, 76,468 against.
Special meeting held March 12, 2025; 15.3M of 23.7M outstanding shares voted, constituting a quorum.

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