XWELL (XWEL) has provided an announcement.
XWELL, Inc. has recently struck a deal with institutional and accredited investors to sell over 650,000 shares in a registered direct offering expected to rake in approximately $1.4 million, primarily to bolster working capital and general corporate aims. This offering, which hinges on standard closing conditions, is scheduled for completion around August 8, 2024. Alongside this, the Company has also settled an agreement by issuing 416,000 shares to certain parties, utilizing exemptions from standard registration under the Securities Act. Concurrently, a press release has been circulated, detailing the offering’s pricing, though the Company is clear that this announcement doesn’t equate to an obligation to update the information provided.
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