XpresSpa XSPA shares are trading sharply higher on Thursday. An XpresSpa Group 8-K showed the company has entered a warrant exchange deal for 6.186 million shares to buy company shares.
The move is also potentially on continued momentum after the company in late May announced it signed a contract to screen and test for COVID-19 at JFK International Air Terminal.
XpresSpa Group is a health and wellness holding company. The company is engaged in building a preeminent pure-play health and wellness services company around its core asset XpresSpa. Geographically, it generates a majority of its revenue from the U.S.
XpresSpa shares were trading up 75% at $1.90 on Thursday. The stock has a 52-week high of $5.45 and a 52-week low of 5 cents.
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Image: Flickr/Sharon Hahn Darlin.
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