Highest-materiality recent filing
Xcel Brands enters ATM equity distribution agreement for up to $10M
Agreement with Maxim Group LLC to sell up to $10,000,000 aggregate of common stock at-the-market.
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.
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.
Xcel committed to prepay $500,000 on Term Loan A from its blocked account immediately following the Fifth Amendment effective date.
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.
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.
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.
Dismissed CBIZ CPAs on Sep 15, 2025; no disagreements but a material weakness was identified.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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).
Firm commitment offering of 3,284,421 shares at $0.65/share, gross proceeds $2,134,874.
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.
Xcel Brands Q2 revenue $6.8M, net loss $3.5M; $13M cost savings, new licenses
Revenue $6.8M, down 20% YoY but up 12.1% QoQ; net loss $3.5M ($0.18/share) vs prior-year $9.5M net income.
Xcel Brands receives Nasdaq bid price deficiency notice; 180 days to regain compliance
Received Nasdaq letter on Nov 22, 2022 for bid price below $1.00 for 30 consecutive business days.
Xcel Brands Q3 revenue falls 60% to $4.5M; GAAP net loss $(0.21)/share
Q3 revenue $4.5M, down 60% YoY, driven by Isaac Mizrahi brand sale and industry-wide wholesale headwinds.
Xcel Brands Q2 GAAP net income $9.5M on Isaac Mizrahi gain; non-GAAP loss $3.6M, revenue down 21%
GAAP net income $9.5M ($0.48/diluted share) vs. loss of $1.6M in prior-year quarter; non-GAAP net loss $3.6M ($0.18 loss per share).
Xcel Brands sells 70% of Isaac Mizrahi brand to WHP for $46.2M cash
Xcel sold 70% of IM Topco (Isaac Mizrahi brand) to WHP for $46.2M cash on May 31, 2022.
FY2021 total revenue $37.9M, up 29% YoY, driven by wholesale and DTC growth; licensing rose $1.6M from Lori Goldstein acquisition.
Xcel Brands enters $29M loan agreement with FEAC, LIBOR+7.5%, matures April 2025
Borrowed $29M term loan from FEAC-led lenders to refinance existing debt and for working capital/acquisitions.
Xcel Q3 revenue up 52% to $11.3M; net loss $1.1M; amended credit agreement covenants
Q3 total revenue $11.3M (+52% YoY); net loss $1.1M (-$0.06 diluted EPS) vs loss $0.4M in prior year
On June 6, 2023, Michael Francis advised the Board of Directors of Xcel Brands, Inc. (the “Company”) that he is resigning as a director of the Company effective June 30, 2023 and that his decision was not based on any disagreements with management, the Company’s strategy nor any of the other directors.
Max materiality 0.85 · Median 0.60 · Most common event other_material