XWELL shares surge 53.57% intraday after announcing $31.3M private placement for debt repayment and preferred stock redemption.

XWELL surged 53.57% intraday trading, as the company announced a $31.3 million private placement of convertible preferred shares and warrants, with proceeds to repay debt and redeem preferred stock. XWELL is a health solutions provider specializing in XpresSpa airport spa services, XpresTest biosecurity testing, and Naples Wax Center skincare services, focusing on the travelers' health market.