XWELL, Inc. announced on May 13, 2025, that it has received a letter from the Nasdaq Stock Market's Listing Qualifications Department. The letter indicates that the company's common stock has not met the minimum bid price requirement of $1.00 per share for the past 30 consecutive business days, as per Nasdaq Listing Rule 5550(a)(2). XWELL has been granted a compliance period until November 10, 2025, to regain compliance by maintaining a minimum closing bid price of $1.00 for at least ten consecutive business days. The company's stock will continue to be listed and traded on Nasdaq during this period. If XWELL fails to meet the requirement by the deadline, it may be eligible for an additional 180-day compliance period, subject to meeting other listing standards and potentially executing a reverse stock split. However, there is no guarantee that Nasdaq will grant this extension or that the company will avoid delisting.
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