Recent 8-K filings for XELB
Highest-materiality recent filing
Xcel Brands reports FY2023 net loss $21.1M, receives Nasdaq bid price deficiency notice
- GAAP net loss $21.1M for FY2023 vs $4.0M prior year (included $20.6M gain on Isaac Mizrahi sale).
- Q4 net revenue $2.3M, down 44% YoY; Adjusted EBITDA improved to -$1.2M from -$5.9M.
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Xcel Brands sells 7,500 shares to White Lion Capital under $15M equity line
On May 20 & 22, 2026, sold 2,500 and 5,000 shares at avg lowest-trade prices of $1.98 and $2.14.
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Xcel Brands sells Judith Ripka brand assets for $2.3M cash plus up to $0.75M contingent
Asset purchase agreement with Judith Ripka Designs, LLC for substantially all JR Licensing assets including the brand.
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Xcel Brands issues $3M senior secured notes, amends existing loan; CEO-linked entity participates
Issued $3,005,780.35 of 12.5% Senior Secured Notes due April 13, 2027 to CEO-controlled IPX and two other purchasers; also issued 100,579 common shares.
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Xcel Brands amends loan pact; posts $500K cash collateral, eases liquidity covenant to $0
Amended credit agreement to transfer up to $500K from Blocked Account to cash collateral securing obligations.
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Xcel committed to prepay $500,000 on Term Loan A from its blocked account immediately following the Fifth Amendment effective date.
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Xcel Brands signs $15M common stock purchase agreement with White Lion Capital
Up to $15M of common stock may be sold to White Lion over 24 months at a discount to market price.
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Xcel Brands closes $2.05M PIPE; CEO invests $100K alongside investors
Gross proceeds $2.05M from 977,592 shares and 692,463 pre-funded warrants at $1.2275 each; net ~$1.75M.
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Xcel Brands shareholders approve 3x increase in equity plan shares
All five director nominees re-elected; Robert D'Loren received 1,498,701 votes for.
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Xcel Brands amends loan; liquid asset covenant cut to $1M; IM Topco sale consented
Lenders consented to sale of all equity in IM Topco to IMWHP2, LLC.
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Xcel Brands transfers 17.5% stake in IM Topco, receives contingent payment right
Transfers all 175 units (17.5% of IM Topco) to IMWHP2 LLC effective Oct 1, 2025.
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Dismissed CBIZ CPAs on Sep 15, 2025; no disagreements but a material weakness was identified.
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Xcel Brands Q2 2025 revenue $1.3M, net loss $4.0M; social following surges to 43M
Revenue fell 55% YoY to $1.3M due to the June 2024 divestiture of the Lori Goldstein brand.
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Xcel Brands Prices $2.6M Public Offering and Insider Private Placement
Public offering of 2,181,818 shares at $1.10/share; gross proceeds ~$2.6M combined with private placement.
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Xcel Brands shareholders approve warrant exercise and reverse split at special meeting
Warrant Exercise Proposal passed: 1,020,922 for, 5,503 against, 610,074 broker non-votes.
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Xcel Brands replaces Marcum with CBIZ CPAs as auditor; 2024 report had going concern note
Marcum LLP resigned as independent auditor effective May 27, 2025, due to acquisition of its attest business by CBIZ CPAs.
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Xcel Brands receives Nasdaq delinquency notice for late filings; 10-K filed
Received Nasdaq delinquency notice on May 22, 2025 for non-compliance due to late 10-K and 10-Q filings.
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Xcel Brands receives Nasdaq deficiency notice for late 10-K filing
Nasdaq notified Xcel Brands (XELB) of non-compliance with Listing Rule 5250(c)(1) due to late Form 10-K for FY2024.
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Xcel Brands enters loan amendment, adds $5.12M debt, cuts IM Topco ownership to 17.5%
Reduced ownership in IM Topco from 30% to 17.5% via membership interest transfer on April 15, 2025.
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Xcel Brands implements 1-for-10 reverse stock split to regain Nasdaq compliance
Reverse stock split 1:10 effective March 24, 2025, approved by stockholders on March 12, 2025.
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Xcel Brands announces 1-for-10 reverse stock split effective March 25, 2025
Effective at market open on March 25, 2025; every 10 shares become 1 share.
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Xcel Brands shareholders approve reverse stock split and authorized share reduction
Reverse stock split approved at ratio of 1-for-2 to 1-for-10, ratio to be set by Board Chairman.
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Xcel Brands closes $10M secured loan facility, repays IDB debt, issues 1.46M warrants
New term loans: $3.95M (A), $4M (B), $2.05M delayed draw; maturity Dec 12, 2028.
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Five director nominees elected: D'Loren (10,162,383 for), DiSanto (10,144,392), Fielding (10,162,553), Liebaum (10,144,358), Weinswig (10,162,519).
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Xcel Brands receives Nasdaq delisting notice for late Q3 10-Q filing
Received Nasdaq notice on Nov 25, 2024 for failing to timely file Form 10-Q for quarter ended Sep 30, 2024.
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Xcel Brands furnishes investor presentation; no specific financials disclosed in filing
Investor presentation furnished as Exhibit 99.1 under Item 7.01.
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Xcel Brands amends CEO and EVP agreements to pay 40% of base salary in stock through Dec 2025
CEO Robert D'Loren and EVP Seth Burroughs will receive 40% of base salary in common shares monthly from July 16, 2024 to Dec 31, 2025.
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Xcel Brands posts preliminary Q2 net income $195K on $3.8M gain from asset sale
Revenue $2.95M (Q2), $5.14M (H1 2024); net loss $6.1M for six months.
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Xcel Brands sells Lori Goldstein brand assets back to founder, max consideration $1.27M
Asset purchase agreement with Lori Goldstein Ltd for sale of trademarks, IP, and related assets effective June 30, 2024.
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Xcel Brands sells Lori Goldstein assets back to Goldstein; terminates earn-out obligations
Sale of all Lori Goldstein-related IP and QVC agreement to Lori Goldstein Ltd, effective June 30, 2024.
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Xcel Brands reports FY2023 net loss $21.1M, receives Nasdaq bid price deficiency notice
GAAP net loss $21.1M for FY2023 vs $4.0M prior year (included $20.6M gain on Isaac Mizrahi sale).
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Firm commitment offering of 3,284,421 shares at $0.65/share, gross proceeds $2,134,874.
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Xcel Brands reports preliminary 2023 revenue of $17.6M and net loss of $20.9M
Q4 2023 revenue $2.13M; full-year revenue $17.6M vs prior 2024 goal of $17.7M reiterated as not a forecast.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.85 · Median 0.60 · Most common event other_material