Fri, Nov 29, 11:03 AM (4 days ago)
Xcel Brands, Inc. (NASDAQ: XELB) filed an amendment (10-K/A) to its annual report for the fiscal year ending December 31, 2023, primarily to include additional exhibits and updated certifications from its CEO and CFO. The amendment does not alter previous financial statements or disclosures regarding financial performance, revenue, net income, or operating expenses. As of June 30, 2023, the market value of common equity held by non-affiliates was approximately $17,934,000, with 23,492,117 shares outstanding as of April 3, 2024. The amendment is procedural, with no significant changes affecting the financial condition or market position of Xcel Brands. Key risk factors and future outlook remain consistent with prior filings. This amendment serves to ensure compliance with SEC regulations rather than reflecting any material changes in the company’s financial performance or strategic direction.