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Provider: Reuters Investment Profile
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XCel Brands Inc Announces Offering Of Common Stock-Form S-1/A

Tuesday, 22 Oct 2013 05:17pm EDT 

XCel Brands Inc reported in its Form S-1/A that it relates to the resale by selling security holders of 8,174,925 shares of common stock, $0.001 par value, including 6,731,447 shares of common stock, and 1,443,478 shares of common stock issuable upon the exercise of warrants held by the selling security holders (the Warrants). The Company are not selling any shares of common stock and, as a result, the Company will not receive any proceeds from the sale of the common stock covered by this prospectus other than proceeds in the event that some or all of the Warrants held by the selling security holders are exercised for cash. All of the net proceeds from the sale of common stock will go to the selling security holders. The Company common stock is quoted on the OTC Bulletin Board and on the OTCQX Marketplace operated by the OTC markets Group, Inc. or (the OTCQX) under the symbol XELB. The last reported sale of common stock on the OTCQX was $3.50 per share on October 14, 2013. 

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1 Jun 2015