XCel Brands, Inc.: receives Nasdaq notice for sub-$1.00 bid price

What happened

• On Sep 29, 2026, XCel Brands, Inc. received a letter from the Listing Qualifications Department of The Nasdaq Stock Market notifying the company that the minimum bid price per share for its common stock fell below $1.00 for a period of 30 consecutive business days and that the company did not meet the minimum bid price requirement set forth in the Nasdaq listing rules.
• The letter states that, pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the company has 180 calendar days to regain compliance, or until Mar 29, 2027, and that the company can regain compliance if the closing bid price is at least $1.00 for a minimum period of 10 consecutive business days.

Key details

• Letter date: Sep 29, 2026; filing signed Oct 2, 2026 by James F. Haran, chief financial officer.
• Deficiency: closing bid price below $1.00 for 30 consecutive business days.
• Compliance period: 180 calendar days ending Mar 29, 2027; regain compliance requires $1.00 closing bid for 10 consecutive business days.
• Nasdaq may grant an additional compliance period under Nasdaq Listing Rule 5810(c)(3)(A)(ii) if the company provides written notice of intent to cure, including by effecting a reverse stock split; Nasdaq staff will determine whether the company is likely to cure and may notify the company that its shares will be subject to delisting if not cured.

Why it may matter

• This 8-K reports Item 3.01: notice of delisting or failure to satisfy a continued listing rule, covering Nasdaq’s notice that XCel Brands did not meet the $1.00 minimum bid price requirement and the related compliance period, potential additional compliance period, and possible delisting and appeal process.
• The filing does not state why the company acted.