XCEL BRANDS, INC. Receives NASDAQ notice regarding late Form 10-K filing
Xcel Brands (NASDAQ: XELB) has received a delinquency notification from Nasdaq on April 29, 2025, for failing to file its 2024 Annual Report (Form 10-K) on time. The company is now non-compliant with Nasdaq Listing Rule 5250(c)(1). While this notice doesn't immediately affect XELB's listing status, the company must submit a compliance plan within 60 days. If Nasdaq accepts the plan, XELB could receive up to 180 days (until October 13, 2025) to regain compliance. The company intends to file its Form 10-K within the initial 60-day period to resolve the compliance issue.
Xcel Brands (NASDAQ: XELB) ha ricevuto una notifica di inadempienza da Nasdaq il 29 aprile 2025, per non aver presentato in tempo il suo Rapporto Annuale 2024 (Modulo 10-K). L'azienda non è quindi conforme alla Regola di Quotazione Nasdaq 5250(c)(1). Sebbene questa comunicazione non influenzi immediatamente lo status di quotazione di XELB, la società deve presentare un piano di conformità entro 60 giorni. Se Nasdaq approva il piano, XELB potrebbe avere fino a 180 giorni (fino al 13 ottobre 2025) per tornare in regola. L'azienda prevede di presentare il Modulo 10-K entro il periodo iniziale di 60 giorni per risolvere la questione di conformità.
Xcel Brands (NASDAQ: XELB) recibió una notificación de incumplimiento de Nasdaq el 29 de abril de 2025, por no presentar a tiempo su Informe Anual 2024 (Formulario 10-K). La compañía ahora incumple la Regla de Cotización de Nasdaq 5250(c)(1). Aunque este aviso no afecta inmediatamente el estado de cotización de XELB, la empresa debe enviar un plan de cumplimiento dentro de 60 días. Si Nasdaq acepta el plan, XELB podría recibir hasta 180 días (hasta el 13 de octubre de 2025) para volver a cumplir. La compañía tiene la intención de presentar su Formulario 10-K dentro del período inicial de 60 días para resolver el problema de cumplimiento.
Xcel Brands (NASDAQ: XELB)는 2025년 4월 29일, 2024년 연례 보고서(Form 10-K)를 제때 제출하지 않아 나스닥으로부터 연체 통지를 받았습니다. 이로 인해 회사는 나스닥 상장 규칙 5250(c)(1)를 준수하지 못하게 되었습니다. 이 통지는 즉시 XELB의 상장 상태에 영향을 미치지는 않지만, 회사는 60일 이내에 준수 계획을 제출해야 합니다. 나스닥이 계획을 승인하면 XELB는 최대 180일(2025년 10월 13일까지) 동안 준수 상태를 회복할 수 있습니다. 회사는 초기 60일 내에 Form 10-K를 제출하여 준수 문제를 해결할 계획입니다.
Xcel Brands (NASDAQ : XELB) a reçu une notification de manquement de la part du Nasdaq le 29 avril 2025, pour ne pas avoir déposé à temps son rapport annuel 2024 (Formulaire 10-K). La société est désormais non conforme à la règle de cotation Nasdaq 5250(c)(1). Bien que cet avis n'affecte pas immédiatement le statut de cotation de XELB, l'entreprise doit soumettre un plan de conformité dans les 60 jours. Si le Nasdaq accepte ce plan, XELB pourrait bénéficier de jusqu'à 180 jours (jusqu'au 13 octobre 2025) pour redevenir conforme. La société prévoit de déposer son formulaire 10-K dans le délai initial de 60 jours afin de résoudre ce problème de conformité.
Xcel Brands (NASDAQ: XELB) erhielt am 29. April 2025 eine Mitteilung von der Nasdaq wegen Zahlungsverzugs, da der Jahresbericht 2024 (Formular 10-K) nicht fristgerecht eingereicht wurde. Das Unternehmen entspricht somit nicht der Nasdaq-Listing-Regel 5250(c)(1). Obwohl diese Mitteilung den Notierungsstatus von XELB nicht sofort beeinträchtigt, muss das Unternehmen innerhalb von 60 Tagen einen Compliance-Plan vorlegen. Wenn die Nasdaq den Plan akzeptiert, könnte XELB bis zu 180 Tage (bis zum 13. Oktober 2025) Zeit erhalten, um die Compliance wiederherzustellen. Das Unternehmen beabsichtigt, das Formular 10-K innerhalb der ersten 60 Tage einzureichen, um das Compliance-Problem zu lösen.
- None.
- Company failed to file its 2024 Annual Report (Form 10-K) on time
- Non-compliance with Nasdaq listing requirements
- Risk of potential delisting if compliance is not achieved within the given timeframe
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
For further information please contact:
Seth Burroughs
Marketing and Public Relations, Xcel Band, Inc..
347 532 5894
sburroughs@xcelbrands.com
FAQ
What is the deadline for XELB to submit its compliance plan to Nasdaq?
Will XELB stock be delisted from Nasdaq due to the late 10-K filing?
Why did Xcel Brands (XELB) receive a Nasdaq notification?
How does XELB plan to resolve the Nasdaq compliance issue?
