XWELL Gets Nasdaq Notice Over Sub-$1 Bid Price, Has Until April 5

What happened

XWELL, Inc. (Nasdaq: XWEL) disclosed in a Form 8-K filed October 20, 2026 that it received a letter from Nasdaq Listing Qualifications staff dated October 7, 2026. The letter states that, based on the closing bid price of XWELL's common stock over the 30 consecutive business days from August 25, 2026 through October 6, 2026, the company is not in compliance with Nasdaq's minimum bid price requirement for continued listing on the Nasdaq Capital Market.

The stock closed at $0.72 on the event date, down 1.37% from the prior close of $0.73, according to the price data.

The filing says the notice has no immediate effect on the listing or trading of XWELL's common stock, which continues to trade on the Nasdaq Capital Market under the symbol XWEL. The company said it intends to actively monitor its closing bid price and will consider options to regain compliance, and that there can be no assurance it will do so.

What this means

Nasdaq Listing Rule 5550(a)(2) requires a listed company's shares to maintain a minimum closing bid price of $1.00. Nasdaq's automated screening compares the closing bid each day; if it stays below $1.00 for 30 consecutive business days, the exchange's listing qualifications staff sends a deficiency notice. An 8-K under Item 3.01 is the disclosure obligation that tells investors a company has received a notice that it failed a continued listing rule.

The bid price is the highest price a buyer is willing to pay, and it is what Nasdaq measures rather than the price of the last trade. A stock that trades actively but always below $1.00 fails this test just as a thinly traded one does.

Under Nasdaq Rule 5810(c)(3)(A), the company gets 180 calendar days — here until April 5, 2027 — to regain compliance. Regaining it means the closing bid price must be at least $1.00 for a minimum of ten consecutive business days during that period, unless the staff exercises discretion to require a longer stretch. A company can also choose to do a reverse stock split, which reduces the number of shares outstanding and raises the per-share price mechanically, to get back over $1.00. If XWELL chooses that route, it must complete the split no later than ten business days before April 5, 2027.

The filing adds a second, faster tripwire: if the closing bid price is $0.10 or less for ten consecutive trading days during the compliance period, Nasdaq will issue a Staff Delisting Determination rather than waiting out the 180 days.

If XWELL has not regained compliance by April 5, 2027, the filing says it may qualify for a second 180-calendar-day period, but only if it meets the market value of publicly held shares requirement and all other initial listing standards for the Nasdaq Capital Market other than the bid price, and notifies Nasdaq in writing that it intends to cure the deficiency, including by a reverse split if needed. Otherwise Nasdaq would issue a notice that the stock is subject to delisting, which the company could appeal to a Nasdaq Hearings Panel.

The filing does not state why the share price has been below $1.00. It describes the notice and the available remedies, and the company gives no cause for the price level.

About the company

XWELL is incorporated in Delaware with headquarters listed at 254 West 31st Street, 11th Floor, New York, New York. Its common stock has a par value of $0.01 per share and is registered under Section 12(b) of the Securities Exchange Act of 1934. The filing was signed by President and Chief Executive Officer Ezra T. Ernst.