Xcel Brands Shares Decline After Stake Sale, Equity Transfers

Dow Jones

Apr 25, 2025

By Connor Hart

Shares of Xcel Brands fell after the company disclosed a series of financial maneuvers, including equity transfers and amendments to its loan and security agreements.

The stock sank 10%, to $2.69, in midday trading Friday. Shares have lost about half their value so far this year.

The media and consumer-products company after the bell Thursday said it transferred to IM2 12.5% of its equity interests of IM Topco, reducing its stake in the company to 17.5% from 30%.

Xcel additionally said it entered into the Second Amendment to its Loan and Security Agreement. In connection with the amendment, Xcel issued warrants to purchase 1.1 million shares of common stock to UTG Capital and 30,000 shares to Restore Capital. The terms also included amendments to existing warrants, according to a filing with the Securities and Exchange Commission.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

April 25, 2025 11:59 ET (15:59 GMT)

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Shares have lost about half their value so far this year. \n\n\n  The media and consumer-products company after the bell Thursday said it transferred to IM2 12.5% of its equity interests of IM Topco, reducing its stake in the company to 17.5% from 30%. \n\n\n  Xcel additionally said it entered into the Second Amendment to its Loan and Security Agreement. In connection with the amendment, Xcel issued warrants to purchase 1.1 million shares of common stock to UTG Capital and 30,000 shares to Restore Capital. 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