Nasdaq Warns Xwell Inc. Over Minimum Bid Price Compliance
Xwell Inc. has received a notice from the Nasdaq Stock Market indicating that its common stock has failed to meet the minimum bid price requirement of $1.00 per share for 30 consecutive business days, as stipulated by Nasdaq Listing Rule 5550(a)(2). The company has been granted a 180-calendar-day compliance period, ending June 1, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 for ten consecutive business days. If Xwell Inc. does not meet this requirement within the given timeframe, it may be eligible for an additional 180-day extension, provided it meets other listing standards and notifies Nasdaq of its intention to cure the deficiency, potentially through a reverse stock split. Failure to comply could result in the company's stock being delisted from Nasdaq, though Xwell Inc. would have the right to appeal any delisting determination.
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