Xcel Brands shareholders approve warrant exercise and reverse split at special meeting

XCel Brands, Inc.

Warrant Exercise Proposal passed: 1,020,922 for, 5,503 against, 610,074 broker non-votes.
Reverse Stock Split Proposal approved: 1,613,691 for, 23,019 against, 0 broker non-votes.
Reverse split ratio range set at 1-for-2 to 1-for-5; board may implement anytime before March 25, 2026.
Both proposals related to refinancing closed April 21, 2025 and Nasdaq listing compliance.
No adjournment needed as both proposals received sufficient votes.

item 5.07

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