Xcel Brands receives Nasdaq deficiency notice for late 10-K filing

XCel Brands, Inc.

Nasdaq notified Xcel Brands (XELB) of non-compliance with Listing Rule 5250(c)(1) due to late Form 10-K for FY2024.
No immediate effect on listing or trading of common stock on Nasdaq Capital Market.
Company must submit a compliance plan within 60 days or file the 10-K within that period to regain compliance.
If Nasdaq accepts plan, extension possible until October 13, 2025.
Company intends to file Form 10-K as soon as practicable and within the 60-day window.

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