NEW YORK - Xcel Brands, Inc. (NASDAQ: XELB), a media and consumer products company, has initiated an underwritten public offering of its common stock and equivalents, the company disclosed today. The completion and terms of the offering are contingent on market conditions, and no guarantees have been made regarding the final size or terms.
Craig-Hallum Capital Group LLC is the exclusive managing underwriter for this offering, which follows a shelf registration statement filed on January 26, 2024, and subsequently declared effective by the Securities and Exchange Commission (SEC) on February 6, 2024.
The offering is being made through a prospectus and related preliminary prospectus supplement, both of which will be obtainable from Craig-Hallum Capital Group LLC.
Xcel Brands, founded in 2011, operates in the branding, design, and marketing of various consumer products including apparel, footwear, jewelry, and home goods. It owns several brands like Judith Ripka, Halston, LOGO by Lori Goldstein, and C. Wonder by Christian Siriano, and has stakes in others such as Isaac Mizrahi and Longaberger.
The company has seen over $4 billion in retail sales through its live streaming and interactive television initiatives.
This press release contains forward-looking statements regarding the company’s expectations for future financial performance and strategies. Still, these are not assurances of future performance and are subject to risks and uncertainties. Potential investors are advised to consult the prospectus and registration statement for a more complete understanding of the offering and associated risks.
The information presented in this article is based on a press release statement from Xcel Brands.
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