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By The Online Investor Staff, updated Tue., Apr. 16, 8:09 AM
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Secondary Stock Offerings| This Slide: #25 of 25 |
Slide #25. Xcel Brands, Inc. — Secondary Offering
Company:
Xcel Brands, Inc. (NASDAQ:XELB)
Date announced:
3/14/2024
Shares Offered:
3,284,422
Date of Pricing:
3/15/2024
Price Per Share:
$0.65
Secondary Offering Details:
Xcel Brands, Inc. ("Xcel"; NASDAQ: XELB), 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 consumer products, and the acquisition of dynamic consumer lifestyle brands, today announced that it is commencing an underwritten public offering of shares of its common stock (or common stock equivalents). All of the shares of common stock (or common stock equivalents) are being offered by Xcel. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. -updated 3/15- Xcel Brands, Inc. ("Xcel"; NASDAQ: XELB), 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 consumer products, and the acquisition of dynamic consumer lifestyle brands, today announced the pricing of its previously announced underwritten public offering of shares of its common stock. All of the shares of common stock are being sold at a public offering price of $0.65 per share, for gross proceeds of $2,134,874, before underwriting discounts and commissions and offering expenses, and included participation from members of Xcel's management. The offering is expected to close on or about March 19, 2024. Additionally, members of Xcel management, including Robert D'Loren, Xcel's Chairman, Chief Executive Officer and President, have executed subscription agreements to purchase 294,642 shares of common stock from Xcel in a private placement for an aggregate purchase price of $288,749 at $0.98 per share, the consolidated closing bid price of the common stock on March 14, 2024
Xcel Brands is a media and consumer products company engaged in the design, production, marketing, live streaming, wholesale distribution, and direct-to-consumer sales of branded apparel, footwear, accessories, fine jewelry, home goods and other consumer products, and the acquisition of dynamic consumer lifestyle brands. Co.'s brand portfolio consists of the LOGO by Lori Goldstein brand, the Halston brands, the Judith Ripka brands, the C Wonder brands, the Longaberger brand, the Isaac Mizrahi brands, and other proprietary brands. Co. also manages the Longaberger brand through its 50% ownership interest in Longaberger Licensing, LLC.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 76th percentile
(ranked higher than approx. 76% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
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