Core Viewpoint - XCel Brands Inc. experienced a significant stock price increase of 66.47% to $2.88 following the announcement of a settlement agreement and equity transfer deal with the Securities and Exchange Commission [1] Settlement Agreement Details - XCel Brands reached a settlement agreement with IM Topco LLC, IMWHP LLC, and IMWHP2 LLC, which includes a capital appreciation right entitling XCel to 15% of any net consideration exceeding $46 million from IM Topco capital transactions until September 1, 2032 [2] Equity Transfer Transaction - XCel agreed to transfer its full 17.5% equity stake in IM Topco to IMWHP2 LLC, with the transfer completed on Wednesday as per the filing signed by Chief Financial Officer James F. Haran [3] Subsidiary Released From Obligations - Xcel's subsidiary, Xcel-CT MFG LLC, was relieved from any additional responsibility under specific terms of a license termination agreement with IM Topco as part of the settlement [4] Stock Performance - Despite a 76.96% loss over the past year, XCel gained 17.69% in the past month, closing at $1.73 on Thursday, reflecting a 1.14% increase during regular trading. The stock has a market capitalization of $8.24 million and has ranged between $0.95 and $8.40 over the past 52 weeks, with an average daily trading volume of 73,020 shares [5] Market Position - Benzinga's Edge Stock Rankings indicate that XCel is experiencing long-term consolidation along with medium and short-term upward movement [6]