XWELL says CPC nomination notice invalid; calls for updated 13D filing

XWELL, Inc.

CPC Pain & Wellness SPV, formed by Caydan Capital, owns 9.42% stake and nominated four board candidates.
Company alleges CPC's notice lacks required details under bylaws and its 13D is deficient.
CPC filed litigation against XWELL; company plans to dispute vigorously.
XWELL claims CPC seeks control for a 'Take-Under' deal undervaluing the company and diluting stockholders.
Stockholders not required to take any action at this time, XWELL says.

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