 NEW YORK, Dec. 17, 2020 GLOBE NEWSWIRE -- XpresSpa Group, Inc. Nasdaq: XSPA XpresSpa or the Company, a health and wellness company, today announced that it has entered into securities purchase agreements with several healthcare-focused and other institutional investors to purchase 24,509,806 of its shares of common stock or common stock equivalents in lieu thereof and short-term warrants to purchase up to an aggregate of 24,509,806 shares of common stock, in a registered direct offering priced at-the-market under Nasdaq rules. The combined purchase price for one share of common stock or common stock equivalent and a warrant to purchase one share of common stock is 1.70. The warrants have an exercise price of 1.70 per share, will be immediately exercisable, and will expire 24 months from the issue date. 