Core Viewpoint - Xcel Brands, Inc. is currently facing compliance issues with Nasdaq due to delinquent filings, but the company is taking steps to rectify the situation and regain compliance by submitting necessary reports by the specified deadlines [1][2]. Company Overview - Xcel Brands, Inc. (NASDAQ: XELB) is a media and consumer products company focused on the design, licensing, marketing, and sales of branded apparel, footwear, accessories, fine jewelry, home goods, and other consumer products [3]. - The company was founded in 2011 and aims to innovate shopping, entertainment, and social media through social commerce [3]. - Xcel owns several brands, including Halston, Judith Ripka, and C. Wonder, and has a controlling interest in Longaberger Licensing LLC [3]. - The company has generated over $5 billion in retail sales through livestreaming and interactive television, showcasing its strong presence in digital sales channels [3]. Compliance Issues - On May 22, 2025, Nasdaq notified Xcel Brands of its delinquency in filing Form 10-Q for the period ended March 31, 2025, and Form 10-K for the year ended December 31, 2024 [1]. - Xcel has until June 30, 2025, to submit a plan to regain compliance, with a potential extension until October 13, 2025, if granted [2]. - The company filed the delinquent Form 10-K on May 28, 2025, and plans to file the Form 10-Q by the end of June 2025 to meet Nasdaq's continued listing requirements [2].
XCEL BRANDS, INC. Receives NASDAQ notice regarding delinquent Form 10-K and Form 10-Q filing