XCEL BRANDS, INC. Receives NASDAQ Notice Regarding Late Form 10-Q Filing
XCEL BRANDS, INC. Receives NASDAQ Notice Regarding Late Form 10-Q Filing
Xcel Brands, Inc. (NASDAQ: XELB) is 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 other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded in 2011 with a vision to reimagine shopping, entertainment, and social media as social commerce. Xcel owns the Halston, Judith Ripka, and C. Wonder brands, as well as the Tower Hill by Christie Brinkley co-branded collaboration, and holds noncontrolling interests in the Isaac Mizrahi brand and Orme Live. Xcel also owns and manages the Longaberger brand through its controlling interest in Longaberger Licensing LLC. Xcel is pioneering a true modern consumer products sales strategy which includes the promotion and sale of products under its brands through interactive television, digital live-stream shopping, social commerce, brick-and-mortar retail, and e-commerce channels to be everywhere its customers shop. The company's brands have generated in excess of $5 billion in retail sales via livestreaming in interactive television and digital channels alone, and over 20,000 hours of live-stream and social commerce. Headquartered in New York City, Xcel Brands is led by an executive team with significant live streaming, production, merchandising, design, marketing, retailing, and licensing experience, and a proven track record of success in elevating branded consumer products companies. NEW YORK, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Xcel Brands, Inc. (NASDAQ: XELB) ("Xcel" or the "Company"), today announced that on November 25, 2024, it received a delinquency notification letter from the Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1), because it had not timely filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 (the "Form 10-Q"). The Nasdaq notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Capital Market.
紐約，2024年11月27日（環球新聞社）- xcel brands公司（納斯達克：XELB）（"Xcel"或"公司"）今天宣佈，於2024年11月25日收到了納斯達克證券交易所（"Nasdaq"）的逾期通知函，指出公司未遵守納斯達克上市規則5250（c）（1）, 因爲其未及時提交截至2024年9月30日的季度報告表10-Q（"表10-Q"）。納斯達克通知對公司普通股在納斯達克資本市場上的上市或交易沒有即時影響。
Nasdaq has informed the Company that it must submit a plan of compliance (the "Plan") within 60 calendar days, addressing how it intends to regain compliance with Nasdaq's listing rules and, if Nasdaq accepts the Plan, it may grant an extension of up to 180 calendar days from the Form 10-Q original filing due date, or until May 19, 2025, to regain compliance. The Company intends to file its Form 10-Q as soon as practicable and, in any event, within the 60-day period referenced above, and thereby regain compliance with the Nasdaq continued listing requirements and eliminate the need for the Company to submit a Plan.
納斯達克已通知公司必須在60日曆日內提交一份符合要求的計劃（"計劃"），解釋其打算如何恢復與納斯達克上市規則的符合性，並且如果納斯達克接受了該計劃，則可以延長自表10-Q原始提交截止日期的180個日曆日，或直至2025年5月19日爲止，以恢復符合性。公司打算儘快提交其10-Q，並且無論如何，在上述60天的期限內提交，從而恢復對納斯達克持續上市要求的符合性，消除公司需要提交計劃的需要。
About Xcel Brands
關於xcel brands
Xcel Brands, Inc. (NASDAQ: XELB) is 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 other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded in 2011 with a vision to reimagine shopping, entertainment, and social media as social commerce. Xcel owns the Halston, Judith Ripka, and C. Wonder brands, as well as the Tower Hill by Christie Brinkley co-branded collaboration, and holds noncontrolling interests in the Isaac Mizrahi brand and Orme Live. Xcel also owns and manages the Longaberger brand through its controlling interest in Longaberger Licensing LLC. Xcel is pioneering a true modern consumer products sales strategy which includes the promotion and sale of products under its brands through interactive television, digital live-stream shopping, social commerce, brick-and-mortar retail, and e-commerce channels to be everywhere its customers shop. The company's brands have generated in excess of $5 billion in retail sales via livestreaming in interactive television and digital channels alone, and over 20,000 hours of live-stream and social commerce. Headquartered in New York City, Xcel Brands is led by an executive team with significant live streaming, production, merchandising, design, marketing, retailing, and licensing experience, and a proven track record of success in elevating branded consumer products companies.
xcel brands公司（納斯達克：XELB）是一家從事設計、許可、營銷、直播概念和社交媒體銷售品牌服裝、鞋類、配飾、精美珠寶、家居商品和其他消費產品，以及收購動態消費者生活方式品牌的媒體和消費品公司。 xcel成立於2011年，旨在重新構想購物、娛樂和社交媒體作爲社交商務。 xcel擁有Halston、Judith Ripka和C. Wonder品牌，以及與Christie Brinkley合作的Tower Hill品牌合作，並持有Isaac Mizrahi品牌和Orme Live的非控股權益。xcel還通過其對Longaberger Licensing LLC的控股利益擁有和管理Longaberger品牌。 xcel正在開創一種真正的現代消費產品銷售策略，包括通過互動電視、數字直播購物、社交商務、實體零售和電子商務渠道推廣和銷售其品牌的產品，以覆蓋顧客購物的各個環節。該公司的品牌僅通過互動電視和數字渠道的直播概念銷售已產生超過50億美元的零售額，並達到了超過20,000小時的直播概念和社交商務。總部位於紐約市的xcel brands由一個具有顯著直播概念、製作、商品、設計、營銷、零售和許可經驗的高管團隊領導，擁有成功提升品牌消費產品公司的成熟業績記錄。
For further information please contact:
要了解更多信息，請聯繫：
Seth Burroughs
Marketing and Public Relations, Xcel Band, Inc..
347 532 5894
sburroughs@xcelbrands.com
Seth Burroughs
Marketing and Public Relations, Xcel Band, Inc..
347 532 5894
sburroughs@xcelbrands.com
譯文內容由第三人軟體翻譯。
