08:47 AM EDT, 03/21/2025 (MT Newswires) -- Xcel Brands ( XELB ) said Friday it will implement a 1-for-10 reverse stock split when trading opens on Tuesday.

The company said its shares will continue to trade on Nasdaq under the symbol "XELB."

Xcel Brands ( XELB ) said the reverse stock split aims to help it regain compliance with the $1 minimum bid price requirement for continued listing on Nasdaq.

The company's shares were down over 10% in premarket activity Friday.