FAQ on Xcel Brands' $2.6 Million Public Offering

What is Xcel Brands announcing?

Xcel Brands announced the pricing of its public offering of 2,181,818 shares of common stock at $1.10 per share and a concurrent private placement to raise approximately $2.6 million.

Why is Xcel Brands conducting this public offering?

The company intends to use the net proceeds for brand development and launch, working capital, and other general corporate purposes, including payment of outstanding payables.

How much does Xcel Brands expect to raise from this offering?

The combined gross proceeds from the public offering and concurrent private placement are expected to be approximately $2.6 million before deducting fees and expenses.

Who is involved in the private placement?

Certain insiders of the company, including the CEO Robert D’Loren, are involved in the private placement, purchasing unregistered shares at $1.36 each.

When is the closing of the offering expected?

The closing of the offering is expected to occur on or about August 4, 2025, subject to customary closing conditions.

Who is acting as the sole placement agent for the offering?

Maxim Group LLC is acting as the sole placement agent for the offering.

What are the implications of this offering for Xcel Brands?

This offering will provide Xcel Brands with necessary funds for brand development and operational expenses, supporting its growth and expansion strategies.

Where can I find more information about Xcel Brands?

For more information, visit Xcel Brands’ website at http://www.xcelbrands.com.