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.

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