---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-104093"
form_type: "8-K"
ticker: "XWEL"
cik: "0001410428"
company_name: "XWELL, Inc."
filed_at: "2023-09-27T23:59:59+00:00"
generated_at: "2026-06-10T08:07:33.111602+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# XWELL enacts 1-for-20 reverse stock split effective Sept 27 to regain Nasdaq compliance

## Summary
- Reverse split reduces outstanding shares from approx 83.5M to 4.17M; effective 5pm ET Sept 27.
- Trading on split-adjusted basis begins Sept 28; symbol XWEL unchanged; new CUSIP 98420U 802.
- Split aims to raise per-share price to meet Nasdaq $1 minimum bid price requirement.
- No fractional shares issued; cash in lieu of fractional shares.

## SEC filing metadata
- accession: 0001104659-23-104093
- form_type: 8-K
- ticker: XWEL
- cik: 0001410428
- company_name: XWELL, Inc.
- filed_at: 2023-09-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1410428/000110465923104093/0001104659-23-104093-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1410428/000110465923104093/tm2327010d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-104093
- JSON: https://secwatch.observer/filing/0001104659-23-104093.json
- Plain text: https://secwatch.observer/filing/0001104659-23-104093.txt

## Key facts
- Governance Changes
  XWELL, Inc.: Filed Certificate of Amendment to Amended and Restated Certificate of Incorporation to effect a 1-for-20 reverse stock split (effective 2023-09-27).
  - Change: charter amendment
  - Effective: 2023-09-27
  source text: On Tuesday, September 26, 2023, XWELL, Inc. (the “Company”) filed a Certificate of Amendment to the Amended and Restated Certificate of Incorporation of the Company (the “Amendment”), to implement a one-for-twenty reverse split of its common stock, par value $0.01 (the “Reverse Split”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1410428/000110465923104093/0001104659-23-104093-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.