XWELL, Inc.: Nasdaq notifies company of $1.00 bid price deficiency

What happened

• XWELL, Inc. reported it received a letter from the Nasdaq Listing Qualifications staff on Oct 7, 2026 notifying the company that, based upon the closing bid price of the company’s common stock for the 30 consecutive business days from Aug 25, 2026 through Oct 6, 2026, the company is not in compliance with the minimum bid price requirement of Nasdaq Listing Rule 5550(a)(2).
• The filing states the notice has no immediate effect on the listing or trading of the company’s common stock and that the company intends to actively monitor the closing bid price and consider available options to regain compliance.

Key details

• Nasdaq Listing Rule 5550(a)(2) requires a minimum bid price of $1.00 per share.
• The company was given a 180 calendar-day compliance period, until Apr 5, 2027, to regain compliance.
• To regain compliance the closing bid price must be at least $1.00 per share for a minimum of 10 consecutive business days; if a reverse stock split is used it must be completed no later than 10 business days prior to Apr 5, 2027.
• If the closing bid price is $0.10 or less for 10 consecutive trading days during the compliance period, Nasdaq will issue a Staff Delisting Determination; the company may be eligible for an additional 180 calendar-day compliance period if it meets other listing requirements and provides written notice to Nasdaq.

Why it may matter

• The filing reports Item 3.01: notice of delisting or failure to satisfy a continued listing rule, which covers Nasdaq’s notice that the company is not in compliance with the minimum $1.00 bid price requirement and the related compliance timeline and conditions. The filing does not show why the insider traded or why the company acted.