00:00It's Benzinga, bringing Wall Street to Main Street.
00:02A Trump family-linked investment group agreed to back Exwell, a wellness and biosecurity company,
00:07according to the Financial Times. The company plans to deploy AI-powered infectious disease
00:12screening at U.S. airports during the 2026 FIFA World Cup. American Ventures agreed in late
00:18February to purchase $31.3 million of convertible preferred shares. Exwell had a market capitalization
00:24of under $3 million at the time. The shares convert into 66.6 million common shares at 47 cents.
00:32The investment followed Exwell's partnership with PQ to manage travel surges.
00:36The Exwell deal adds to scrutiny of Trump family business activity,
00:40including a reported $187 million payment from an Abu Dhabi-backed firm
00:44and a $500 million investment agreement with Sheikh Tanun.
00:48For all things money, visit Benzinga.com.
Comments