{"id":2245,"date":"2020-03-25T19:31:50","date_gmt":"2020-03-25T19:31:50","guid":{"rendered":"https:\/\/palladiumcapital.com\/?p=2245"},"modified":"2020-03-26T14:35:42","modified_gmt":"2020-03-26T14:35:42","slug":"palladium-capital-serves-as-finder-in-1790000-equity-raise-for-xpresspa-group-nasdaqxspa","status":"publish","type":"post","link":"https:\/\/www.palladiumcapital.com\/palladium-capital-serves-as-finder-in-1790000-equity-raise-for-xpresspa-group-nasdaqxspa\/","title":{"rendered":"Palladium Capital Serves as Finder in $1,790,000 Equity Raise for XpresSpa Group (Nasdaq:XSPA)"},"content":{"rendered":"

\"\"<\/a>NEW YORK, March 25, 2020 (GLOBE NEWSWIRE) — Palladium Capital Advisors, LLC acted as a finder in connection with the following offering: XpresSpa Group, Inc. (XSPA<\/a>) (\u201cXpresSpa\u201d or the \u201cCompany\u201d), today announced that it has entered into a securities purchase agreement with institutional investors to purchase approximately $1.79 million of its common shares (or pre-funded warrants to purchase common shares in lieu thereof) in a registered direct offering priced at-the-market under Nasdaq rules.<\/p>\n

Under the terms of the securities purchase agreement, XpresSpa has agreed to sell approximately 8,750,000 common shares (or pre-funded warrants to purchase common shares in lieu thereof). The gross proceeds to the Company from the registered direct offering is expected to be approximately $1.79 million before deducting fees and other estimated offering expenses. The registered direct offering is expected to close on or about March 27, 2020, subject to the satisfaction of customary closing conditions.<\/p>\n

The common shares and pre-funded warrants are being offered pursuant to a shelf registration statement on Form S-3 (File No. 333-232764) previously filed and declared effective by the Securities and Exchange Commission (SEC).<\/p>\n

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.<\/p>\n

About\u00a0XpresSpa Group, Inc.<\/strong>
\nXpresSpa Group, Inc.\u00a0(XSPA<\/a>) is a health and wellness holding company. XpresSpa Group\u2019s core asset,\u00a0XpresSpa, is a leading airport retailer of spa services and related health and wellness products, with 51 locations in 25 airports globally.\u00a0XpresSpa\u00a0offers services that are tailored specifically to the busy travel customer.\u00a0XpresSpa\u00a0is committed to providing exceptional customer experiences with its innovative premium spa services, as well as luxury travel products and accessories.\u00a0XpresSpa\u00a0provides almost one million services to customers per year at its locations in\u00a0the United States,\u00a0Netherlands, and the\u00a0United Arab Emirates. To learn more about\u00a0XpresSpa Group, visit:\u00a0www.XpresSpaGroup.com<\/a><\/u>. To learn more about\u00a0XpresSpa, visit\u00a0www.XpresSpa.com<\/a><\/u>.<\/p>\n

Forward-Looking Statements<\/strong>
\nThis press release may contain “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These include statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “should,” “seeks,” “future,” “continue,” or the negative of such terms, or other comparable terminology. These statements include, without limitation, statements related to our ability to close the offering and the gross proceeds from the offering. Forward-looking statements relating to expectations about future results or events are based upon information available to\u00a0XpresSpa Group\u00a0as of today’s date and are not guarantees of the future performance of the company, and actual results may vary materially from the results and expectations discussed. Additional information concerning these and other risks is contained in XpresSpa Group\u2019s most recently filed Annual Report on Form 10-K, Quarterly Report on Form 10-Q, recent Current Reports on Form 8-K and other\u00a0Securities and Exchange Commission\u00a0filings. All subsequent written and oral forward-looking statements concerning\u00a0XpresSpa Group, or other matters and attributable to\u00a0XpresSpa Group\u00a0or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above.\u00a0XpresSpa Group\u00a0does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof.<\/p>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, March 25, 2020 (GLOBE NEWSWIRE) — Palladium Capital Advisors, LLC acted as a finder in connection with the following offering: XpresSpa Group, Inc. (XSPA) (\u201cXpresSpa\u201d or the \u201cCompany\u201d), today announced that it has entered into a securities purchase agreement with institutional investors to purchase approximately $1.79 million of its common shares (or pre-funded […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/posts\/2245"}],"collection":[{"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/comments?post=2245"}],"version-history":[{"count":0,"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/posts\/2245\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/media?parent=2245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/categories?post=2245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/tags?post=2245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}