XpresSpa Group Inc. (XSPA) Announces Program to Buyback 15M Shares

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Go back to XpresSpa Group Inc. (XSPA) Announces Program to Buyback 15M Shares

XpresSpa Group Announces Board Authorization for Stock Repurchase Program

August 31, 2021 8:00 AM EDT

NEW YORK, Aug. 31, 2021 (GLOBE NEWSWIRE) -- XpresSpa Group, Inc. (Nasdaq: XSPA), a travel health and wellness company, today announced that its Board of Directors has authorized a stock repurchase program for up to 15,000,000 shares of its outstanding common stock.

"Our XpresCheck COVID-19 testing business continues to grow and perform well. In July, increased testing volumes and improved mix of higher margin rapid tests resulted in higher overall practice fees than in June. Additionally, these activities exclude any testing related to our new CDC relationship or from our El Al... More