Gold rally may be losing steam but no major correction seen: DB
XWELL, Inc. (NASDAQ:XWEL), a company currently valued at $6.3 million and trading near $1.10 per share, opened and adjourned its 2025 Annual Meeting of Stockholders on Tuesday to allow additional time for shareholders to consider and vote on the company’s proposals, according to a statement released in a Securities and Exchange Commission filing. According to InvestingPro data, the company has been facing financial challenges, with a negative EBITDA of $13.5 million in the last twelve months.
No business was conducted during the meeting. The company said the annual meeting will reconvene virtually on Friday, October 10, 2025, at 10:00 a.m. Eastern Time. The record date for determining shareholders eligible to vote remains unchanged as the close of business on July 25, 2025. The meeting comes at a challenging time for XWELL, as InvestingPro analysis shows the company’s stock has declined by about 43% over the past year, though it has shown some recovery with a 21% gain over the last six months.
Shareholders who have already submitted voting instructions do not need to take further action unless they wish to change or revoke their vote. The new proxy deadline for shares held directly is 11:59 p.m. Eastern Time on October 9, 2025. Proxies already deposited will remain valid for the reconvened meeting, and shareholders who have not yet voted may do so before the new deadline or online during the reconvened meeting.
XWELL previously filed a definitive proxy statement with the SEC on August 8, 2025, and mailed it to shareholders of record. The company noted that information about its directors and executive officers is available in its Annual Report on Form 10-K for the year ended December 31, 2024, and in the proxy statement.
The information in this article is based on a statement released by XWELL, Inc. in a filing with the Securities and Exchange Commission. For comprehensive analysis and additional insights about XWELL’s financial health, valuation, and growth prospects, investors can access detailed Pro Research Reports and more than 7 key InvestingPro Tips through InvestingPro.
In other recent news, ExWell reported its financial results for the second quarter of 2025, showing a revenue increase to $7.7 million from $7.0 million in the previous quarter. Despite this revenue growth, the company experienced an operating loss of $2.7 million and a net loss of $2.3 million. These financial results are part of recent developments concerning ExWell. The company’s performance reflects ongoing challenges in balancing revenue growth with profitability. Analysts have not provided any recent upgrades or downgrades for ExWell, and there are no new mergers or acquisitions to report. Investors are likely to focus on how ExWell plans to address its financial losses moving forward. These developments are crucial for stakeholders keeping an eye on the company’s financial health.
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