XWELL shares surge 24.96% intraday after announcing $31.3M private placement to repay debt and redeem preferred shares.

XWELL surged 24.96% intraday after announcing a $31.3 million private placement of convertible preferred shares and warrants, with proceeds intended for debt repayment and redemption of preferred shares. The company provides health solutions including airport spas, biotech testing, and skincare services for travelers.