Xcel Brands Announces Reverse Stock Split

Core Viewpoint - Xcel Brands, Inc. will implement a 1-for-10 reverse stock split effective March 25, 2025, to comply with Nasdaq's minimum bid price requirement [1][7]. Company Actions - The reverse stock split will combine every ten shares of common stock into one share, maintaining the ownership percentage of stockholders, except for fractional shares [3][6]. - Stockholders entitled to fractional shares will receive a cash payment instead of fractional shares [3]. - The reverse stock split was approved by stockholders at a special meeting on March 12, 2025, allowing the Board to determine the split ratio [5]. Stock Information - Post-split, Xcel Brands' common stock will continue to trade on Nasdaq under the symbol "XELB" with a new CUSIP number [2]. - The number of shares underlying outstanding stock options and warrants will be proportionately adjusted along with their exercise prices [4]. Company Overview - Xcel Brands is a media and consumer products company specializing in livestream shopping and social commerce, with a portfolio that includes brands like Halston and Judith Ripka [10][11]. - The company has generated over $5 billion in retail sales through livestreaming and interactive television [11].