08:32 AM EDT, 03/13/2025 (MT Newswires) -- XWELL ( XWEL ) said Thursday it plans to acquire select medical spas by the end of 2025, using its recent $4 million private placement to enter the high-growth wellness and beauty market.

The company said the move would extend its services beyond airports into metropolitan areas with rising demand for advanced beauty and wellness treatments.

XWELL ( XWEL ) said it will initially target metropolitan areas such as Orlando, Austin, Texas, and Salt Lake City.