XCel Brands Inc. held a Special Meeting on June 17, 2025, where stockholders voted on key proposals. The stockholders approved the issuance of common stock in compliance with Nasdaq Listing Rule 5635 requirements related to the company's refinancing. Additionally, the proposal to adopt an amendment for a reverse stock split at a ratio between 1-for-2 and 1-for-5 was also approved. Both proposals received the necessary approval from stockholders.
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