XWELL shares surge 35.04% intraday after announcing $31.3M private placement to repay debt and redeem preferred stock.

XWELL surged 35.04% intraday after announcing a $31.3 million private placement of convertible preferred shares and warrants, with proceeds expected to repay debt and redeem preferred shares. The company operates health solutions including XpresSpa airport spas, XpresTest biometric testing, and Naples Wax Center skincare services, focusing on the traveler health market.