Xcel Brands, Inc. Notifies Nasdaq of Delinquency in Quarterly Report Filing
Xcel Brands, Inc. Notifies Nasdaq of Delinquency in Quarterly Report Filing
The notification is due to the company's failure to timely file its Quarterly Report on Form 10-Q for Q3 2024.Xcel Brands received a notification from Nasdaq for failing to file its Q3 2024 report on time.
Xcel Brands因未能按時提交其2024年第三季度報告而收到了納斯達克的通知。
Quiver AI Summary
Quiver AI 摘要
Xcel Brands, Inc. received a notification from Nasdaq on November 25, 2024, indicating it failed to comply with Nasdaq Listing Rule 5250(c)(1) due to the late filing of its Quarterly Report on Form 10-Q for the period ending September 30, 2024. Although this notice does not affect the listing or trading of its stock, the company must submit a compliance plan within 60 days. If accepted, Nasdaq may extend the deadline for compliance by up to 180 days. Xcel plans to file the overdue report within the stipulated timeframe to avoid the need for a compliance plan. Xcel Brands, founded in 2011, operates in the media and consumer products sector, focusing on branded apparel and innovative sales strategies including live-streaming and social commerce.
Xcel Brands, Inc.於2024年11月25日收到納斯達克的通知，表示由於延遲提交截至2024年9月30日的10-Q表季度報告，該公司未能遵守納斯達克上市規則5250（c）（1）。儘管本通知不影響其股票的上市或交易，但公司必須在60天內提交合規計劃。如果被接受，納斯達克可能會將合規截止日期最多延長180天。Xcel計劃在規定的時間範圍內提交逾期報告，以避免需要合規計劃。Xcel Brands成立於2011年，在媒體和消費品領域開展業務，專注於品牌服裝和創新銷售策略，包括直播和社交商務。
Potential Positives
潛在的積極因素
- The press release confirms that Xcel Brands intends to file its overdue Form 10-Q within the 60-day compliance period, demonstrating proactive management and a commitment to adhering to Nasdaq's listing requirements.
- Nasdaq has provided the Company with a potential extension of up to 180 days to regain compliance, giving Xcel Brands additional time to address the filing issue without immediate consequences to its listing status.
- The Company has a robust portfolio of well-known brands and a unique sales strategy, indicating ongoing business strength and market presence despite the current compliance issue.
- Xcel Brands' history of generating over $5 billion in retail sales through innovative channels showcases its strong performance in the consumer market and potential for future growth.
- 新聞稿證實，Xcel Brands打算在60天的合規期內提交逾期的10-Q表格，這表明了積極的管理以及對遵守納斯達克上市要求的承諾。
- 納斯達克已向該公司提供了長達180天的延期，以恢復合規性，這使Xcel Brands有更多時間來解決申報問題，而不會對其上市狀態產生直接影響。
- 該公司擁有強大的知名品牌組合和獨特的銷售策略，這表明儘管當前存在合規問題，但業務實力和市場佔有率依然存在。
- Xcel Brands通過創新渠道創造超過50億美元的零售額的歷史展示了其在消費市場的強勁表現和未來增長的潛力。
Potential Negatives
潛在的負面因素
- The company has received a delinquency notification from Nasdaq for failing to file its Quarterly Report on Form 10-Q in a timely manner, indicating potential financial or operational challenges.
- Failure to comply with Nasdaq Listing Rule 5250(c)(1) raises concerns about the company's adherence to regulatory requirements, which may impact investor confidence.
- While the company can submit a compliance plan, the need for such a plan could imply ongoing issues that might disrupt business operations or financial reporting in the future.
- 該公司因未能及時提交10-Q表季度報告而收到了納斯達克的拖欠通知，這表明了潛在的財務或運營挑戰。
- 未能遵守納斯達克上市規則5250（c）（1）會引發人們對公司遵守監管要求的擔憂，這可能會影響投資者的信心。
- 儘管公司可以提交合規計劃，但對此類計劃的需求可能意味着持續存在的問題，這些問題可能會干擾未來的業務運營或財務報告。
FAQ
常見問題
What did Xcel Brands announce on November 27, 2024?
Xcel Brands 在 2024 年 11 月 27 日宣佈了什麼？
Xcel Brands announced receiving a delinquency notification from Nasdaq for not filing its Form 10-Q on time.
Xcel Brands宣佈因未按時提交10-Q表格而收到納斯達克的拖欠通知。
What is the reason for Xcel Brands' Nasdaq notification?
Xcel Brands在納斯達克發出通知的原因是什麼？
The notification is due to the company's failure to timely file its Quarterly Report on Form 10-Q for Q3 2024.
該通知是由於該公司未能及時提交其2024年第三季度10-Q表季度報告。
What must Xcel Brands do to regain compliance with Nasdaq?
Xcel Brands 必須做些什麼才能恢復對納斯達克的合規性？
Xcel Brands must submit a Plan of compliance within 60 days to address how it will regain compliance.
Xcel Brands必須在60天內提交合規計劃，以解決如何恢復合規性。
Will the Nasdaq notice affect Xcel Brands' stock listing?
納斯達克的通知會影響Xcel Brands的股票上市嗎？
No, the Nasdaq notice has no immediate effect on the listing or trading of Xcel Brands' common stock.
不，納斯達克的通知對Xcel Brands普通股的上市或交易沒有立即影響。
What is Xcel Brands' core business focus?
Xcel Brands 的核心業務重點是什麼？
Xcel Brands focuses on the design, licensing, and marketing of branded consumer products and social commerce sales.
Xcel Brands專注於品牌消費產品的設計、許可和營銷以及社交電子商務銷售。
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
免責聲明：這是由人工智能生成的 GlobeNewswire 發佈的新聞稿摘要。用於總結此版本的模型可能會出錯。在此處查看完整版本。
$XELB Hedge Fund Activity
$xELB 對沖基金活動
We have seen 4 institutional investors add shares of $XELB stock to their portfolio, and 9 decrease their positions in their most recent quarter.
我們已經看到4家機構投資者在其投資組合中增加了xeLB的股票，9家機構投資者在最近一個季度減少了頭寸。
Here are some of the largest recent moves:
以下是近期一些最大的走勢：
- LEVIN CAPITAL STRATEGIES, L.P. removed 60,000 shares (-54.5%) from their portfolio in Q3 2024
- RENAISSANCE TECHNOLOGIES LLC removed 33,148 shares (-100.0%) from their portfolio in Q3 2024
- CITADEL ADVISORS LLC removed 32,130 shares (-50.8%) from their portfolio in Q3 2024
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 17,793 shares (+inf%) to their portfolio in Q3 2024
- PERRITT CAPITAL MANAGEMENT INC added 16,839 shares (+2.7%) to their portfolio in Q3 2024
- REGENT PEAK WEALTH ADVISORS LLC added 15,000 shares (+inf%) to their portfolio in Q3 2024
- TWO SIGMA SECURITIES, LLC added 10,867 shares (+inf%) to their portfolio in Q3 2024
- LEVIN CAPITAL STRATEGIES, L.P. 在2024年第三季度從其投資組合中刪除了6萬股股票（-54.5％）
- 復興科技有限責任公司在2024年第三季度從其投資組合中刪除了33,148股股票（-100.0％）
- CITADEL ADVISORS LLC在2024年第三季度從其投資組合中刪除了32,130股股票（-50.8％）
- 薩斯奎哈納國際集團有限責任公司在2024年第三季度在其投資組合中增加了17,793股股票（+inf％）
- Perritt Capital Management INC 在 2024 年第三季度在其投資組合中增加了 16,839 股（+2.7%）
- Regent Peak WEALTH ADVISORS LLC 在 2024 年第三季度在其投資組合中增加了 15,000 股（+inf%）
- TWO SIGMA SECURITIES, LLC在2024年第三季度在其投資組合中增加了10,867股股票（+inf%）
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
要追蹤對沖基金的股票投資組合，請查看Quiver Quantization的機構持股儀表板。
Full Release
完整版本
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（GLOBE NEWSWIRE）——Xcel Brands, Inc.（納斯達克股票代碼：XELB）（「Xcel」 或 「公司」）今天宣佈，它於2024年11月25日收到了納斯達克股票市場有限責任公司（「納斯達克」）的拖欠通知信，表明該公司沒有及時提交《納斯達克上市規則》第5250（c）（1）條其截至2024年9月30日的季度10-Q表季度報告（「10-Q表格」）。納斯達克通知對公司普通股在納斯達克資本市場的上市或交易沒有立即影響。
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，它必須在60個日曆日內提交合規計劃（「計劃」），說明其打算如何恢復對納斯達克上市規則的遵守，如果納斯達克接受該計劃，它可能會批准自10-Q表最初的提交截止日起最多延長180個日曆日，或延長至2025年5月19日，以恢復合規。該公司打算儘快提交10-Q表格，無論如何都應在上述60天期限內提交，從而恢復對納斯達克持續上市要求的遵守，無需公司提交計劃。
About Xcel
Brands
關於 Xcel
品牌
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, Inc.（納斯達克股票代碼：XELB）是一家媒體和消費品公司，從事品牌服裝、鞋類、配飾、高級珠寶、家居用品和其他消費品的設計、許可、營銷、直播和社交商務銷售，以及收購充滿活力的消費生活方式品牌。Xcel 成立於 2011 年，其願景是將購物、娛樂和社交媒體重新定義爲社交商務。Xcel 擁有 Halston、Judith Ripka 和 C. Wonder 品牌，以及克里斯蒂·布林克利聯合品牌的 Tower Hill，並持有艾薩克·米茲拉希品牌和 Orme Live 的非控股權益。Xcel還通過其在Longaberger Licensing LLC的控股權擁有和管理Longaberger品牌。Xcel正在開創一種真正的現代消費品銷售策略，其中包括通過互動電視、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，使其遍及客戶購物的各個地方。該公司的品牌僅通過互動電視和數字頻道的直播，以及超過20,000小時的直播和社交商務，就創造了超過50億美元的零售額。Xcel Brands總部位於紐約市，由一支高管團隊領導，該團隊擁有豐富的直播、製作、銷售、設計、營銷、零售和許可經驗，在提升品牌消費品公司方面有着良好的成功記錄。
For further information please contact:
欲了解更多信息，請聯繫：
Seth Burroughs
Marketing and Public Relations, Xcel Band, Inc..
347 532 5894
sburroughs@xcelbrands.com
塞思·伯勒斯
營銷和公共關係，Xcel Band, Inc.
347 532 5894
sburroughs@xcelbrands.com
