XELB
Xcel Brands, Inc.1.1650
+0.0150+1.3%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
5.60MP/E (TTM)
-Basic EPS (TTM)
-8.08Dividend Yield
0%Recent Filings
8-K
10-Q
8-K
Loan amendment enables IM Topco sale
Xcel Brands entered a third amendment to its loan agreement on October 7, 2025, securing lender consent for selling its equity in IM Topco, LLC to IMWHP2, LLC while easing terms. The deal slashes the liquid asset covenant to $1,000,000 and triggers a $250,000 prepayment on term loans, with $140,000 from the blocked account. A successful sale exceeding $46 million in net proceeds mandates full loan repayment. This refocuses Xcel but ties debt relief to the deal's outcome.
8-K
Xcel settles IM Topco stake
Xcel Brands settled disputes over its Isaac Mizrahi brand stake by transferring its 17.5% equity interest in IM Topco to IMWHP2 on October 1, 2025, while securing a capital appreciation right for 15% of net proceeds exceeding $46 million from any IM Topco capital transaction through September 1, 2032. The deal releases Xcel from prior license liabilities and includes transitional staffing support through 2026. Mutual releases clear past claims. This simplifies Xcel's portfolio, yet ties future upside to IM Topco's success.
8-K
Auditor dismissal and appointment
Xcel Brands dismissed CBIZ CPAs as its independent auditor on September 15, 2025, after a brief engagement starting May 27, amid ongoing filing delays from a material weakness in controls over a third-party affiliate's financial reporting. The audit committee swiftly appointed Wolf & Company as the new firm for the fiscal year ending December 31, 2025. No disagreements arose with CBIZ. This switch underscores persistent internal control challenges.
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