Xcel Brands to effect a 1-for-10 reverse stock split

Xcel Brands (XELB) will effect a 1-for-10 reverse stock split of its issued and outstanding common stock par value $0.001 per share, effective with the opening of trading on March 25, 2025. Xcel Brands’ Common Stock will continue to trade on the Nasdaq Capital Market under the symbol “XELB”. The new CUSIP number for the Common Stock following the Reverse Stock Split will be 98400M200. Among other considerations, the Reverse Stock Split is intended to assist in bringing Xcel Brands into compliance with the $1.00 minimum bid price requirement for maintaining the listing of its Common Stock on the Nasdaq Capital Market.