 NEW YORK, April 22, 2021 GLOBE NEWSWIRE -- Xcel Brands, Inc. NASDAQ: XELB Xcel or the Company, today announced that on April 16, 2021, it received a delinquency notification letter from the Nasdaq Stock Market LLC Nasdaq indicating that the Company was not in compliance with Nasdaq Listing Rule 5250c1, because it had not timely filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 the Form 10-K. The Nasdaq notice has no immediate effect on the listing or trading of the Companys common stock on the Nasdaq Global Select Market. 