Xcel Brands implements 1-for-10 reverse stock split to regain Nasdaq compliance

XCel Brands, Inc.

Reverse stock split 1:10 effective March 24, 2025, approved by stockholders on March 12, 2025.
Common stock ticker XELB unchanged; new CUSIP 98400M200; no fractional shares; cash paid in lieu.
Action intended to meet Nasdaq $1.00 minimum bid price requirement for continued listing.
Shares underlying options and warrants proportionately adjusted with exercise price adjustments.

item 3.03 item 5.03 item 9.01

Key facts

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

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

Change: charter amendment
Effective: 2025-03-24

Exact text from the filing

Xcel Brands, Inc., a Delaware corporation (the “Company”), filed with the Delaware Secretary of State a Certificate of Amendment (the “Certificate of Amendment”) to the Amended and Restated Certificate of Incorporation (the “Restated Certificate of Incorporation”) of the Company, which became effective at 5:00 p.m. on March 24, 2025, to effect a one-for-ten (1: 10) reverse stock split (the “Reverse Stock Split”), of the shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”).

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XCel Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-25-003550

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