secwatch.observer — SEC 8-K summary
======================================

Issuer:     XWELL, Inc. (XWEL)
CIK:        0001410428
Form:       8-K
Filed at:   2022-06-14T23:59:59+00:00
Accession:  0001104659-22-071022
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XpresSpa receives Nasdaq delisting notice for bid price below $1; CFO James Berry departs
--------------------------------------------------------------------------------

- Nasdaq notified XpresSpa that its stock closed below $1.00 for 30 consecutive business days; company has 180 days to regain compliance by Dec 5, 2022.
- Company may consider a reverse stock split if needed to meet the minimum bid price requirement.
- James Berry separated as CFO effective June 13, 2022; Omar Haynes appointed Interim CFO.
- Haynes previously served as VP of Treasury & Finance; search for permanent CFO underway.
- Stock continues trading on Nasdaq under symbol XSPA pending compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1410428/000110465922071022/0001104659-22-071022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1410428/000110465922071022/tm2218408d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-071022

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer