other material
confidence high
sentiment neutral
materiality 0.65
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.