Why Did XWELL Shares Surge 158% After Hours?

Why Did XWELL Shares Surge 158% After Hours?

XWELL, Inc. (NASDAQ:XWEL) shares rose 158.10% in after-hours trading on Tuesday to $0.98, following the company’s announcement of a private placement expected to generate gross proceeds of approximately $31.3 million, before deducting placement agent fees and...