- Xcel brands (NASDAQ:XELB) received a default letter from Nasdaq on November 25, 2024, because it had failed to timely file its quarterly report for the quarter ended September 30, 2024 (the “Form 10-Q”).
- The company must present a compliance plan within 60 calendar days.
- If Nasdaq accepts the plan, it may grant an extension of up to 180 calendar days, or until May 19, 2025, to regain compliance.
- Source: Press release