StockNews.AI
XELB
StockNews.AI
109 days

XCEL BRANDS, INC. Receives NASDAQ notice regarding late Form 10-K filing

1. Xcel received a delinquency notification from Nasdaq regarding 10-K filing. 2. No immediate effect on XELB's listing or trading was stated by Nasdaq. 3. Xcel has 60 days to submit a plan for compliance. 4. Failure to comply could lead to delisting; Xcel aims to file timely. 5. Xcel is a leader in media and consumer products with significant retail sales.

5m saved
Insight
Article

FAQ

Why Neutral?

While there is a compliance issue, it doesn't currently impact trading. Historical examples show delays can stabilize prices if resolved promptly.

How important is it?

The article indicates potential risks and compliance challenges but not immediate market threats.

Why Short Term?

Xcel has a 60-day window to restore compliance, focusing on immediate actions.

Related Companies

XELBAMZWMTTGT
May 02, 2025 16:45 ET  | Source: Xcel Brands, Inc NEW YORK, May 02, 2025 (GLOBE NEWSWIRE) -- Xcel Brands, Inc. (NASDAQ: XELB) (“Xcel” or the “Company”), today announced that on April 29, 2025, it received a delinquency notification letter from the Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1), because it had not timely filed its Annual Report on Form 10-K for the year ended December 31, 2024 (the "Form 10-K"). The Nasdaq notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Capital Market. Nasdaq has informed the Company that it must submit a plan of compliance (the "Plan") within 60 calendar days, addressing how it intends to regain compliance with Nasdaq's listing rules and, if Nasdaq accepts the Plan, it may grant an extension of up to 180 calendar days from the Form 10-K original filing due date, or until October 13, 2025, to regain compliance. The Company intends to file its Form 10-K as soon as practicable and, in any event, within the 60-day period referenced above, and thereby regain compliance with the Nasdaq continued listing requirements and eliminate the need for the Company to submit a Plan. About Xcel Brands Xcel Brands, Inc. (NASDAQ: XELB) is a media and consumer products company engaged in the design, licensing, marketing, live streaming, and social commerce sales of branded apparel, footwear, accessories, fine jewelry, home goods and other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded in 2011 with a vision to reimagine shopping, entertainment, and social media as social commerce. Xcel owns the Halston, Judith Ripka, and C. Wonder brands, as well as the Tower Hill by Christie Brinkley co-branded collaboration, and holds noncontrolling interests in the Isaac Mizrahi brand and Orme Live. Xcel also owns and manages the Longaberger brand through its controlling interest in Longaberger Licensing LLC. Xcel is pioneering a true modern consumer products sales strategy which includes the promotion and sale of products under its brands through interactive television, digital live-stream shopping, social commerce, brick-and-mortar retail, and e-commerce channels to be everywhere its customers shop. The company’s brands have generated in excess of $5 billion in retail sales via livestreaming in interactive television and digital channels alone, and over 20,000 hours of live-stream and social commerce. Headquartered in New York City, Xcel Brands is led by an executive team with significant live streaming, production, merchandising, design, marketing, retailing, and licensing experience, and a proven track record of success in elevating branded consumer products companies. www.xcelbrands.com For further information please contact: Seth BurroughsMarketing and Public Relations, Xcel Band, Inc..347 532 5894sburroughs@xcelbrands.com

Related News