XCel Brands, Inc. (XELB) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 129.94% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
5.9M
Potential Supply
0
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

XELB currently has 5.9M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 129.94% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 5.9M shares outstanding

5.9M 0
Dec 19, 2025

8-K filing: Xcel Brands, Inc. completed a private placement issuing shares of common stock, pre-funded warrants, and warrants for gross proceeds of $2.05 million. ($2.15M proceeds)

4.8M 0
Nov 19, 2025

10-Q filing | 4.8M shares outstanding

4.8M 0
Aug 14, 2025

10-Q filing | 2.4M shares outstanding

2.4M 0
Aug 07, 2025

8-K filing: Xcel Brands, Inc. completed a public offering of 2,181,818 shares of common stock at $1.10 per share and a concurrent private placement with Robert W. D'Loren and Mark DiSanto. The closing of the offering occurred on August 4, 2025, with net proceeds expected to be approximately $2,000,000. ($2.6M proceeds)

2.4M 0
Jul 14, 2025

S-1/A filing: Xcel Brands, Inc. is offering up to 1,381,215 shares of common stock and pre-funded warrants to purchase up to 1,381,215 shares of common stock on a best-efforts basis.

2.4M 2.3M
Jul 08, 2025

S-1/A filing: Xcel Brands, Inc. is offering up to 1,381,215 shares of common stock and up to 1,381,215 pre-funded warrants to purchase common stock on a best-efforts basis.

2.4M 2.3M
Jul 02, 2025

S-1 filing: Xcel Brands, Inc. is offering up to 1,381,215 shares of common stock and pre-funded warrants, on a best-efforts basis, with the intention to use the net proceeds from this offering for working capital and general corporate purposes, including a $50,000 principal amount loan to Clear Markets Capital, LLC.

2.4M 2.3M
Jun 04, 2025

10-Q filing | 2.4M shares outstanding

2.4M 0
May 28, 2025

10-K filing | 2.3M shares outstanding

2.3M 0
Mar 24, 2025
Stock Split

8-K filing: Stock split 1-for-10 | Outstanding: 23,522,453 → 2,352,245

2.4M 0
Dec 20, 2024

10-Q filing | 23.5M shares outstanding

24M 0
Dec 16, 2024

8-K filing: The company issued warrants to purchase 1,456,667 shares of common stock at an exercise price of $0.6315 per share.

23M 0
Aug 14, 2024

10-Q filing | 23.5M shares outstanding

23M 0
May 20, 2024

10-Q filing | 23.5M shares outstanding

23M 0
Apr 19, 2024

10-K filing | 19.7M shares outstanding

20M 38K
Mar 19, 2024

8-K filing: Xcel Brands, Inc. completed a public offering of 3,284,421 shares of common stock at $0.65 per share, and private placements to Robert W. D'Loren, Mark DiSanto's affiliate and Seth Burroughs at $0.98 per share. ($2.42M proceeds)

20M 0
Jan 26, 2024

S-3 filing: XELB filed an S-3 form on 2024-01-26, indicating a shelf offering of up to $100,000,000 in common stock, preferred stock, and/or debt securities.

20M 0
Nov 20, 2023

10-Q filing | 19.7M shares outstanding

20M 0
Aug 14, 2023

10-Q filing | 19.7M shares outstanding

20M 0
May 18, 2023

10-Q filing | 19.6M shares outstanding

20M 0
Apr 17, 2023

10-K filing | 19.6M shares outstanding

20M 0
Nov 14, 2022

10-Q filing | 19.6M shares outstanding

20M 0
Aug 15, 2022

10-Q filing | 19.7M shares outstanding

20M 0
May 23, 2022

10-Q filing | 19.6M shares outstanding

20M 0
Apr 15, 2022

10-K filing | 19.5M shares outstanding

19M 0
Nov 15, 2021

10-Q filing | 19.5M shares outstanding

20M 0
Aug 13, 2021

10-Q filing | 19.4M shares outstanding

19M 0
May 17, 2021

10-Q filing | 18.9M shares outstanding

19M 0
Apr 23, 2021

10-K filing | 18.9M shares outstanding

19M 0
Nov 13, 2020

10-Q filing | 18.8M shares outstanding

19M 0
Aug 19, 2020

10-Q filing | 18.8M shares outstanding

19M 0
May 19, 2020

10-Q filing | 18.6M shares outstanding

19M 0
Apr 14, 2020

10-K filing | 18.3M shares outstanding

18M 0
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