On August 18, 2026, Xcel Brands, Inc. entered into an Equity Distribution Agreement with Maxim Group LLC to sell up to $10,000,000 of common stock through at-the-market offerings. The company will pay a 3.0% commission on gross sales proceeds. This offering is registered under the existing Form S-3 declaration effective February 6, 2024. Xcel Brands operates in the retail industry, specifically as a licensee and distributor of branded apparel and accessories.