Xcel brands, inc. regains compliance with nasdaq minimum bid price requirement

New york, june 29, 2023 (globe newswire) -- xcel brands, inc. (nasdaq: xelb) (“xcel” or the “company”), a media and consumer products company with over $4 billion in retail sales generated by its brands through livestreaming alone and over 10,000 hours of show programming time, today announced that it received a notification letter from the listing qualifications department of the nasdaq stock market on june 28, 2023, notifying the company that it had regained compliance with the minimum bid price requirement. xcel brands is now in compliance with all applicable listing standards and will continue to be listed and traded on the nasdaq capital market.
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