XCel Brands Stock Soars 66% After-Hours: What's Driving the Surge? - Xcel Brands (NASDAQ:XELB)

XCel Brands Inc. (NASDAQ:XELB) saw its shares rise 66.47% to $2.88 during after-hours trading on Thursday, after announcing a settlement agreement and equity transfer deal with the Securities and Exchange Commission.Check out the current price of XELB stock here.Settlement Agreement DetailsIn an 8-K filing on Thursday, XCel Brands revealed it reached a settlement agreement with IM Topco LLC, IMWHP LLC, and IMWHP2 LLC. The deal includes a capital appreciation right, which entitles New York-based company to ...