Xwell (XWEL) shares roughly quadrupled on Wednesday after the global health and wellness company announced a $31.3 million private placement agreement with American Ventures. The transaction includes the sale of 31,333 preferred Series H shares, convertible into 66.7 million common shares at an initial conversion price of $0.47. Additional warrants to purchase another 66.7 million common shares accompany the offering, exercisable immediately at $0.345 per share with a three-year expiration. More News fr ...

Group 1: High Roller Technologies Inc - High Roller Technologies Inc (NYSE:ROLR) shares increased by 29.6% to $10.21 in pre-market trading following the closure of its registered direct offering [1] - The company sold 1.89 million common shares at a price of $13.21 per share, generating approximately $25 million in gross proceeds before fees [1] Group 2: Other Stocks in Pre-Market Trading - iOThree Ltd (NASDAQ:IOTR) saw a significant gain of 80.2% to $5.28 in pre-market trading after a 12% increase on Wednesday [5] - American Rebel Holdings Inc (NASDAQ:AREB) rose 53.1% to $0.67 following the announcement of a 1-for-20 reverse stock split effective February 2 [5] - IO Biotech Inc (NASDAQ:IOBT) increased by 24.3% to $0.26 after announcing plans to explore strategic alternatives, including a merger or asset sale [5] - Moderna Inc (NASDAQ:MRNA) gained 5.5% to $52.54 after releasing five-year median follow-up data from a Phase 2b trial involving an mRNA-based neoantigen therapy [5] Group 3: Stocks Declining in Pre-Market Trading - Galaxy Payroll Group Ltd (NASDAQ:GLXG) fell 21.5% to $1.93 after a 12% decline on Wednesday [5] - Boxlight Corp (NASDAQ:BOXL) decreased by 18.7% to $1.48 after a 46% increase on Wednesday [5] - Pineapple Financial Inc (NYSE:PAPL) dropped 17% to $1.17 after a 46% jump on Wednesday following the release of first-quarter financial results [5]

Core Insights - XWELL's Xpres Spa has been recognized as one of Yelp's "Most Loved Airport Brands," ranking 10 out of 25 based on millions of reviews from U.S. travelers [1] - The CEO of XWELL highlighted the growing demand for comfort and quality at airports, indicating that travelers are increasingly utilizing wellness services [2] Expansion Plans - XWELL will open its first out-of-airport locations in Clearwater, Florida, and New York's Penn Station this summer, aiming to enhance accessibility to premium self-care [2][3] - The Clearwater location will feature a wellness center offering core treatments such as massage, skincare, and recovery, while the Penn Station site will focus on grab-and-go wellness essentials for commuters [3] Strategic Partnerships - XWELL is expanding its reach through strategic partnerships, including a multi-year collaboration with the Orlando Magic, designating XWELL as the "Official Wellness Spa" of the NBA team [4] Future Outlook - The company plans to continue its growth momentum with additional location announcements and partnerships, focusing on equitable and scalable wellness access across various regions [5]

Core Insights - XWELL, Inc. plans to acquire select medical spas by the end of 2025, utilizing a recent $4 million private placement to expand into the wellness and beauty sector [1][2] - The company aims to create a seamless continuum of care, extending its services beyond airports into metropolitan areas with rising demand for advanced beauty and wellness treatments [1][2] - XWELL's strategy focuses on enhancing medical spas to provide high-quality, science-backed wellness experiences, positioning itself as a leading brand in holistic self-care [2][3] Company Strategy - The initial focus for acquisitions will be on metropolitan areas such as Orlando, Austin, and Salt Lake City, where there is strong demand for medspa services [2] - XWELL intends to introduce state-of-the-art treatments, AI-driven personalization, and innovative skincare solutions to meet evolving wellness needs [2][3] - This expansion is part of a long-term strategy to establish a nationwide presence in the beauty and wellness market, delivering cutting-edge self-care solutions [3] Market Context - The global medical spa market is rapidly expanding as consumers increasingly seek non-invasive, results-driven treatments that enhance beauty and overall quality of life [3] - XWELL's approach will combine luxury with medical expertise, offering a curated selection of high-impact treatments administered by certified professionals [3] - The company aims to prioritize health, confidence, and well-being through its offerings, which include various aesthetic and wellness services [6]