Xcel Brands announces 1-for-10 reverse stock split effective March 25, 2025

XCel Brands, Inc.

Effective at market open on March 25, 2025; every 10 shares become 1 share.
Ticker symbol XELB unchanged; new CUSIP is 98400M200.
No fractional shares issued; cash paid in lieu for fractional interests.
Split intended to help meet Nasdaq $1.00 minimum bid price listing requirement.
Chairman approved 1-for-10 ratio after stockholder authorization on March 12, 2025.

item 3.03 item 5.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

XCel Brands, Inc.: Certificate of Amendment to effect a 1-for-10 reverse stock split (effective 2025-03-24).

Change: charter amendment
Effective: 2025-03-24

Exact text from the filing

The Company intends to effect the Reverse Stock Split of its Common Stock by filing a Certificate of Amendment (the “Amendment”) to the Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”) with the Secretary of State of the State of Delaware, that will become effective at 5:00 p.m. Eastern Time on March 24, 2025.

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XCel Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-25-003418

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