This article mentions that a change with the company happened in June 2024.
XCel Brands announces asset sale to Lori Goldstein Ltd
"XCel Brands, Inc. (NASDAQ:XELB), a New York-based company specializing in patent ownership and licensing, has entered into a definitive agreement to sell certain assets to Lori Goldstein Ltd. The transaction, which was announced today, is set to be effective as of June 30, 2024.
The assets involved in the sale were originally acquired by Gold Licensing, LLC, a wholly-owned subsidiary of XCel Brands, under a prior asset purchase agreement dated March 30, 2021. These assets include intellectual property created subsequent to the original purchase that is based on such assets.
This move comes after a binding term sheet was agreed upon by both parties on May 22, 2024. The agreement between XCel Brands and Lori Goldstein Ltd, which includes the sale of all assets acquired by Gold Licensing, represents a strategic shift for the company, although the specifics of the strategy have not been disclosed.
The financial terms and other details of the asset purchase agreement have not been made public. However, the deal is expected to close by the end of June, with no further conditions mentioned in the press release.
This sale could potentially lead to changes in the operations or strategic direction of XCel Brands, but the company has not provided any further information on the future implications of the transaction.
Investors and market watchers will be keeping a close eye on the developments following this sale, as it may affect XCel Brands' position in the patent owners and lessors market.
The information in this article is based on the 8-K filing by XCel Brands, Inc. with the Securities and Exchange Commission."
https://www.investing.com/news/company-news/xcel-brands-announces-asset-sale-to-lori-goldstein-ltd-9...
To me, this makes it seem like Lori bought back her company after selling it to XCel in 2021. Not sure though because it says assets acquired subsequent to the original purchase.