XWELL, Inc. (XWEL) agreed to divest its XpresSpa Holdings, LLC and XpresTest, Inc. businesses to Express Wellness Group, LLC (an affiliate of Face Haus, LLC) for $13 million, subject to conditions. The deal is a non-core asset sale that may streamline operations but, based on the limited disclosed financial details, is likely to be modest for overall valuation.
XWELL, Inc. (XWEL) agreed to divest its XpresSpa Holdings, LLC and XpresTest, Inc. businesses to Express Wellness Group, LLC (an affiliate of Face Haus, LLC) for $13 million, subject to conditions. The deal is a non-core asset sale that may streamline operations but, based on the limited disclosed financial details, is likely to be modest for overall valuation.
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