XWELL, Inc. Adopts Tax Benefits Preservation Plan
XWELL, Inc. Adopts Tax Benefits Preservation Plan
NEW YORK, Aug. 16, 2024 (GLOBE NEWSWIRE) -- XWELL, Inc. (Nasdaq: XWEL) (the "Company") announced today that its Board of Directors has adopted a Tax Benefits Preservation Plan (the "Plan") intended to preserve the value of certain of the Company's tax attributes related to previously recorded net operating losses (the "Tax Attributes").
XWELL公司(Nasdaq:XWEL)(以下简称“公司”)于2024年8月16日宣布,其董事会已通过《税收福利保护计划》(以下简称“计划”),该计划旨在保护公司相关的某些税收属性,这些属性涉及之前记录的净营业亏损(以下简称“税收属性”)的价值。
As of August 16, 2024, the Company has Tax Attributes which may entitle the Company to reduce taxable income with respect to the Company's current 2024 tax year. The Company currently has approximately $67.3 million of net operating losses available to offset taxable income. However, these Tax Attributes may be materially reduced or eliminated by a "change of ownership" of the Company under Section 382 of the Internal Revenue Code. In general, a change of ownership would occur if stockholders that own (or are deemed to own) at least 5% or more of the Company's outstanding common stock increased their cumulative ownership in the Company by more than 50 percentage points over their lowest ownership percentage within a rolling three-year period.
截至2024年8月16日,该公司拥有税收属性,这些税收属性可能使该公司有权在其当前2024纳税年度内减少应纳税所得额。公司目前有大约6730万美元的净营业亏损可用于抵消应纳税所得额。然而,这些税收属性可能会在公司根据《内部收入法典》第382条下发生股权“变更所有权”的情况下被大幅减少或消除。通常情况下,如果拥有(或被视为拥有)公司所有的流通普通股至少5%或更多的股东在滚动三年的期间内将其累计所有权超过其最低所有权百分比50个百分点,则会发生所有权变更。
As part of the Plan, the Company's Board of Directors declared a dividend of one Series A Junior Participating Preferred Stock purchase right (the "Rights") on each outstanding share of the Company's Common Stock. The dividend will be payable on August 26, 2024 to holders of record as of the close of business on August 26, 2024. Shares of the Company's Common Stock issued after the record date will be issued together with the Rights.
作为该计划的一部分,公司的董事会宣布,在公司的普通股每股持有人手中分配一项Series A Junior Participating Preferred Stock [可转换优先股票]购买权(以下简称“权利”)。股息将在2024年8月26日支付给截至2024年8月26日营业结束时记名持有该股的人士。在权益登记日之后发行的公司普通股将与权益一并发行。
The Rights are not currently exercisable and initially will trade only with the Company's Common Stock. However, if any person or group acquires 4.99% or more of the Company's Common Stock, or if a person or group that already owns 4.99% or more of the Company's Common Stock acquires one or more additional shares of Common Stock, then, subject to certain exceptions, the Rights would separate from the Common Stock and become exercisable for shares of the Company's Common Stock having a market value equal to twice the exercise price, resulting in significant dilution to the ownership interests of the acquiring person or group.
这些权利目前无法行使,并将最初仅与公司的普通股交易。但是,如果任何人或团体收购公司普通股的4.99%或更多股份,或者已经拥有公司普通股的4.99%或更多股份的个人或团体再购买一个或多个普通股,则除非有一定例外,否则权利将与普通股分离并变得可行使,以普通股的市价的两倍行使价值,从而导致收购人或团体的所有权益遭受显著稀释。
The Plan includes a procedure pursuant to which the Company's Board of Directors may consider requests to exempt acquisitions of the Company's Common Stock from the Plan if it determines that doing so would not limit or impair the availability of the Tax Attributes.
该计划包含一项程序,根据该程序,公司的董事会可以考虑豁免对公司普通股的收购,如果它确定这样做不会限制或损害税收属性的可用性。
The Rights will expire on August 16, 2027. The Rights may also expire on an earlier date upon the occurrence of other events, including a determination by the Company's Board of Directors that the Tax Attributes have been utilized or are no longer available, or that the Plan is no longer necessary to protect the Tax Attributes. The Plan also may be terminated at any time by the Company's Board of Directors before the Rights become exercisable.
这些权利将于2027年8月16日到期。这些权利还可能在其他事件发生时提前到期,包括公司董事会裁定税收属性已被利用或不再可用,或计划不再需要保护税收属性。在权利可以行使之前,该计划也可以被公司董事会随时终止。
The Plan is similar to Section 382 rights plans adopted by many other public companies with significant Tax Attributes. The issuance of the Rights will not affect the Company's reported earnings or loss per share and is not taxable to the Company or its stockholders.
该计划类似于许多其他拥有重大税收属性的上市公司采用的第382条授权计划。发行这些权利不会影响公司报告的收益或每股收益,并且对公司或其股东不会产生税务影响。
Additional information regarding the Plan will be set forth in a Current Report on Form 8-K and in a Registration Statement on Form 8-A that the Company is filing with the Securities and Exchange Commission (the "SEC").
关于该计划的其他信息将在公司向证券交易委员会(以下简称“SEC”)提交的《8-k表》和《8-A表》中详细说明。
About XWELL, Inc.
关于XWELL公司
XWELL, Inc. (Nasdaq: XWEL) is a leading global wellness holding company operating multiple brands: XpresSpa, Treat, Naples Wax Center, XpresCheck and HyperPointe.
XWELL公司(纳斯达克:XWEL)是一家领先的全球健康保健控股公司,经营多个品牌:XpresSpa, Treat, Naples Wax Center, XpresCheck和HyperPointe。
- XpresSpa is a leading retailer of wellness services and related products, with 33 locations in 16 airports globally.
- Naples Wax Center is a group of upscale skin care boutiques, with three locations currently operating.
- XpresCheck, in partnership with the CDC and Concentric by Ginkgo, conducts biosurveillance monitoring in its airport locations to identify new variants of interest and concern as well as other pathogens entering the country from across the world.
- HyperPointe is a leading digital healthcare and data analytics relationship company serving the global healthcare industry.
- XpresSpa是全球16个机场共有33个门店的领先健康服务和相关产品的零售商。
- Naples Wax Center是一组高档皮肤护理精品店,目前有三个门店。
- XpresCheck与CDC和Ginkgo的Concentric合作,在其机场位置进行生物监测,以识别来自全球的新的感兴趣和关注的变种以及其他病原体进入该国。
- HyperPointe是一家领先的数字医疗保健和数据分析关系公司,服务于全球医疗保健行业。
Forward-Looking Statements
前瞻性声明
This press release may contain "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. 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. Forward-looking statements relating to expectations about future results or events, including the Company's current plans and expectations relating to the business and operations and future store openings, including but not limited to, future openings of Naples Wax Center and XpresSpa stores, are based upon information available to XWELL as of the date of this press release, 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 the Company's Annual Report on Form 10-K, as amended, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, and other Securities and Exchange Commission filings. All subsequent written and oral forward-looking statements concerning XWELL, or other matters and attributable to XWELL or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. XWELL does 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.
本新闻稿可能包含根据1995年《私人证券诉讼改革法》第27A条,1933年证券法修正案第27A条和1934年证券交易法修正案第21E条(以下简称“法案”)的“前瞻性”声明。这些指使用“相信”、“预计”、“期望”、“估计”、“项目”、“意图”、“应该”、“寻求”、“未来”、“继续”或这些术语的否定形式或其他类似词汇的语句。与关于未来业绩或事件的期望相关的前瞻性声明,包括公司当前关于业务和运营以及未来店铺的计划和期望,包括但不限于Naples Wax Center和XpresSpa店铺的未来开业,是基于XWELL在本新闻稿发出之日可得到的信息,并且不是该公司未来业绩的保证,实际结果可能与所讨论的结果和期望有所不同。有关这些和其他风险的更多信息,请参阅公司的年度报告,10-K表,修订后的季度报告10-Q表和《8-k表》,以及其他证券交易委员会提交的文件。所有事后编写的书面或口头前瞻性声明,涉及XWELL或其他事项,以及归属于XWELL或代表其行事的任何人的书面或口头前瞻性声明,均在其整个范围内明确受到以上警示性声明的限制,XWELL不承担任何公开更新这些前瞻性声明以反映此后可能发生的事件或情况的义务。
Important Additional Information
重要的附加信息
The Company intends to file a definitive proxy statement and a proxy card with the SEC in connection with the Company's 2024 annual meeting of stockholders (the "2024 Annual Meeting"). STOCKHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO READ SUCH PROXY STATEMENT, ACCOMPANYING PROXY CARD AND ALL OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE 2024 ANNUAL MEETING. Stockholders will be able to obtain the definitive proxy statement, any amendments or supplements to the proxy statement and other documents filed by the Company with the SEC at no charge at the SEC's website at www.sec.gov. Copies will also be available at no charge at the Company's website at .
该公司打算向SEC提交一份有关公司2024年股东年会(以下简称“2024年年会”)的正式代理声明和代理卡。强烈建议该公司股东仔细阅读该代理声明,附带的代理卡以及提交的所有其他文件,以及完整的它们变得可用时它们将包含的有关2024年年会的重要信息。股东将能够在SEC网站www.sec.gov免费获得确定性代理声明,对代理声明的任何修正或补充以及公司向SEC提交的其他文件。复印件也将在公司网站上免费提供。
Participant Information
参会信息
The Company, its directors and certain of its executive officers are "participants" (as defined in Section 14(a) of the Securities Exchange Act of 1934, as amended) in the solicitation of proxies from the Company's stockholders in connection with the matters to be considered at the 2024 Annual Meeting. Information about the compensation of our named executive officers and our non-employee directors is set forth in the sections entitled "Compensation" and "Director Compensation" in the Company's preliminary proxy statement, filed on August 2, 2024 (the "Preliminary Proxy Statement"), commencing on pages 23 and 25, respectively, and available here. Information regarding the participants' holdings of the Company's securities can be found in the section entitled "Security Ownership of Certain Beneficial Owners and Management" in the Preliminary Proxy Statement on page 31 and available here. If any filings are made by the Company with the SEC on Forms 3, 4, and 5 with respect to the participants' holdings of the Company's securities, the Company will provide updates and such filings will be available on the Company's website at or through the SEC's website at www.sec.gov. Updated information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the section entitled "Security Ownership of Certain Beneficial Owners and Management" of the Company's definitive proxy statement on Schedule 14A and other materials to be filed with the SEC.
在与公司2024年年会有关的事项上,该公司、其董事和某些执行官是《1934年证券交易法》第14(a)条中所定义的“参与者”,并正在从公司持股人那里寻求授权付托为其提供的代理卡。有关我们命名的执行官和非雇员董事薪酬和非雇员董事的信息在公司的初步代理声明中列明,于2024年8月2日提交(以下简称“初步代理声明”),从第23页和第25页开始,可以在此处找到。有关参与者持有该公司证券的信息可以在初步代理声明的第31页上找到。如果公司对参与者持有的本公司证券的情况提交任何关于在表格3、4和5中提交的申报记录,公司将提供更新的信息并在www.sec.gov或公司网站上提供该申报。关于潜在参与者的身份以及他们的直接或间接利益,包括证券持股或其他方面,的更新信息将在有关公司的14A时间表的“某些有利所有者和管理人员的持股安全性”的部分以及提交给SEC的其他资料中列明。
Media
Maria Kucinski
MWW
mkucinski@mww.com
媒体
Maria Kucinski
MWW
mkucinski@mww.com
Source: XWELL, Inc.
来源:XWELL公司