Bullish indicating open at $55-$60, IPO prices at $37
NEW YORK - XWELL, Inc. (NASDAQ:XWEL) has regained compliance with Nasdaq’s minimum bid price requirement under Listing Rule 5550(a)(2), the company announced Monday.
The wellness solutions provider received formal notice from The Nasdaq Stock Market LLC confirming that its common stock will continue to be listed and traded on The Nasdaq Capital Market.
This compliance milestone comes amid XWELL’s ongoing business expansion. The company recently unveiled a redesigned website for its health, wellness, and beauty services, opened its first standalone wellness center in Florida, and was named one of Yelp’s Most Loved Airport Brands.
XWELL has also secured a partnership with the Orlando Magic as the NBA team’s official wellness spa partner, expanding the brand’s visibility beyond airports.
"This is an exciting time for XWELL as we bring wellness to life in new and meaningful ways," said Ezra Ernst, CEO of XWELL, in the press release statement. "From reimagining our digital experience to opening our first location beyond the airport, we’re focused on delivering convenient, high-quality self-care wherever our customers need it."
XWELL operates several wellness brands including Xpres Spa, Naples Wax Center, XpresCheck, and HyperPointe, with locations in airports and metropolitan areas across the United States.
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