XCel Brands Enters Material Definitive Agreement
Ticker: XELB · Form: 8-K · Filed: Oct 10, 2025 · CIK: 1083220
| Field | Detail |
|---|---|
| Company | Xcel Brands, Inc. (XELB) |
| Form Type | 8-K |
| Filed Date | Oct 10, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $1,000,000, $250,000, $140,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, exhibits
TL;DR
XCel Brands signed a big deal on Oct 7th, 2025. Details in the 8-K.
AI Summary
On October 7, 2025, XCel Brands, Inc. entered into a material definitive agreement. The filing also includes financial statements and exhibits related to this agreement. The company, formerly known as NETFABRIC HOLDINGS, INC and HOUSTON OPERATING CO, is incorporated in Delaware and headquartered in New York.
Why It Matters
This filing indicates a significant new contract or partnership for XCel Brands, which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — The nature of the material definitive agreement is not specified, leaving its potential impact and risks unknown.
Key Players & Entities
- XCel Brands, Inc. (company) — Registrant
- NETFABRIC HOLDINGS, INC (company) — Former Company Name
- HOUSTON OPERATING CO (company) — Former Company Name
- October 7, 2025 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by XCel Brands, Inc. on October 7, 2025?
The filing does not specify the details of the material definitive agreement, only that one was entered into on October 7, 2025.
What are the primary business activities of XCel Brands, Inc. as indicated by its SIC code?
XCel Brands, Inc. is classified under SIC code 6794, which pertains to PATENT OWNERS & LESSORS.
When was XCel Brands, Inc. incorporated and where is its principal executive office located?
XCel Brands, Inc. was incorporated in Delaware and its principal executive office is located at 550 Seventh Avenue, 11th Floor, New York, New York.
What were the previous names of XCel Brands, Inc.?
XCel Brands, Inc. was formerly known as NETFABRIC HOLDINGS, INC and HOUSTON OPERATING CO.
What is the filing date of this 8-K report?
This 8-K report was filed on October 10, 2025.
Filing Stats: 561 words · 2 min read · ~2 pages · Grade level 12.6 · Accepted 2025-10-10 16:30:22
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share XELB NASDAQ Global Select
- $1,000,000 — set covenant requirement was reduced to $1,000,000 and (iii) Xcel made a prepayment of $25
- $250,000 — 000 and (iii) Xcel made a prepayment of $250,000, of which $140,000 was paid from the bl
- $140,000 — made a prepayment of $250,000, of which $140,000 was paid from the blocked account. Ite
Filing Documents
- xelb-20251007x8k.htm (8-K) — 38KB
- xelb-20251007xex10d1.htm (EX-10.1) — 100KB
- 0001104659-25-098726.txt ( ) — 257KB
- xelb-20251007.xsd (EX-101.SCH) — 3KB
- xelb-20251007_lab.xml (EX-101.LAB) — 16KB
- xelb-20251007_pre.xml (EX-101.PRE) — 10KB
- xelb-20251007x8k_htm.xml (XML) — 5KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement On October 7, 2025, Xcel Brands, Inc. ("Xcel") entered into the Third Amendment and Consent to Loan and Security Agreement (the "Amendment"), by and among Xcel, the other Credit Parties party thereto, each Lender party thereto under the Loan and Security Agreement dated as of June 30, 2025, and FEAC Agent, LLC, a Delaware limited liability company, as administrative agent and collateral agent for the Lenders (in such capacities, together with its successors and assigns in such capacities, the "Administrative Agent"). Pursuant to the Amendment, (i) the Agents (as defined in the Loan and Security Agreement) and the Lenders consented to the Transfer and the release of the termination of the pledge agreement and the release of the Agents' liens on the equity interests of IM Topco, LLC; (ii) the liquid asset covenant requirement was reduced to $1,000,000 and (iii) Xcel made a prepayment of $250,000, of which $140,000 was paid from the blocked account.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 10.1 Third Amendment and Consent to Loan and Security Agreement 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. XCEL BRANDS, INC. (Registrant) By: /s/ James F. Haran Name: James F. Haran Title: Chief Financial Officer Date: October 10, 2025 3