XWELL, Inc. (XWEL): Nasdaq/NYSE listing notice — XWELL receives Nasdaq notice: bid price below $1.00 for 30 days, faces potential delisting

XWELL, Inc.

Received Nasdaq notice on Oct 28, 2022 for bid price below $1.00 for 30 consecutive business days.
Stock continues trading on Nasdaq Capital Market under symbol XWEL; compliance deadline April 26, 2023.
To regain compliance, closing bid must be at least $1.00 for ten consecutive business days before deadline.
Eligible for additional 180-day period if other listing requirements are met and reverse split considered.
Company monitoring bid price and may consider options, but cannot assure regaining compliance.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

XWELL, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

October 28, 2022, XWELL, Inc. (the “Company”) received a written notification (the “Notice”) from the Listing Qualifications Department of the NASDAQ Stock Market LLC (“Nasdaq”) notifying the Company that the closing bid price for its common stock had been below $1.00 for 30 consecutive business days and that the Company therefore is not in compliance with the minimum bid price requirement for continued inclusion on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Requirement”). The Notice has no immediate effect on the listing or trading of the Company’s common s

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XWELL, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-22-112636

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