---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-090328"
form_type: "8-K"
ticker: "XWEL"
cik: "0001410428"
company_name: "XWELL, Inc."
filed_at: "2024-08-16T23:59:59+00:00"
generated_at: "2026-05-31T08:49:06.609737+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# XWELL adopts poison pill to protect ~$67.3M in net operating loss tax attributes

## Summary
- Board declared dividend of one preferred stock purchase right per common share, payable Aug 26, 2024.
- Rights trigger if a person/group acquires 4.99%+ of common stock without board approval, causing dilution.
- Rights expire Aug 16, 2027, or earlier if tax attributes are utilized or plan is no longer needed.
- Plan is intended to prevent a change of ownership under Section 382 that would limit NOL carryforwards.
- Existing holders of 4.99%+ are exempt unless they acquire additional shares.

## SEC filing metadata
- accession: 0001104659-24-090328
- form_type: 8-K
- ticker: XWEL
- cik: 0001410428
- company_name: XWELL, Inc.
- filed_at: 2024-08-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1410428/000110465924090328/0001104659-24-090328-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1410428/000110465924090328/tm2421867d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-090328
- JSON: https://secwatch.observer/filing/0001104659-24-090328.json
- Plain text: https://secwatch.observer/filing/0001104659-24-090328.txt

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