XCel Brands ( (XELB) ) has issued an announcement.
On March 12, 2025, Xcel Brands’ stockholders approved a reverse stock split at a 1-for-10 ratio, effective March 25, 2025, to maintain compliance with Nasdaq’s $1.00 minimum bid price requirement. The reverse stock split will automatically combine every ten shares into one, with no fractional shares issued, and aims to stabilize the company’s stock market position.
More about XCel Brands
Xcel Brands, Inc. is a media and consumer products company specializing in the design, licensing, marketing, live streaming, and social commerce sales of branded apparel, footwear, accessories, fine jewelry, home goods, and other consumer products. The company owns several brands, including Halston, Judith Ripka, and C. Wonder, and is involved in dynamic consumer lifestyle brands. Xcel Brands is known for its innovative approach to shopping, entertainment, and social media, generating significant retail sales through interactive television and digital channels.
YTD Price Performance: -45.60%
Average Trading Volume: 160,351
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $6.41M
For detailed information about XELB stock, go to TipRanks’ Stock Analysis page.