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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Aug. 3, 3:08 PM

Slide #2. Xcel Brands, Inc. Secondary Offering

Company: Xcel Brands, Inc. (NASDAQ:XELB)
Date announced: 7/31/2015
Shares Offered: 1,800,000
Date of Pricing: 7/31/2015
Price Per Share: $9.00
Secondary Offering Details: Xcel Brands, Inc. (NASDAQ:XELB) ("Xcel" or the "Company"), a brand development and media company, today announced the pricing of an underwritten public offering of 1,800,000 shares of its common stock at a price of $9.00 per share. All of the shares are being sold by Xcel. The gross proceeds to Xcel are expected to be $16,200,000, before underwriting discounts and commissions and other offering expenses. In addition, the Company has granted the underwriters an option to purchase up to an additional 270,000 shares of common stock. The shares are expected to begin trading on the Nasdaq Global Market under the symbol "XELB" today. The closing of the offering is expected to occur on August 4, 2015, subject to customary closing conditions.

Xcel Brands is a brand management company engaged in the design, licensing, marketing and retail sales of consumer brands, including the Isaac Mizrahi Brand, certain rights of the Liz Claiborne New York Brand and the Judith Ripka brand. Co. operates in two segments: Design and Licensing, wherein Co. provides certain design services through licensing and other agreements with wholesale manufacturers, sourcing and design companies, and retailers, which includes licensing its own brands for promotion and distribution through direct-response television, internet, and bricks-and-mortar retail channels; and its Retail Business, which operates through its IMNY Retail Management, LLC subsidiary.
Open the XELB Page at The Online Investor »

Company Name:  XCel Brands, Inc.
Sector:  Rental, Leasing, & Royalty

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August 3, 2015    3:08 PM Eastern
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