{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-003620","form_type":"8-K","ticker":"XWEL","cik":"0001410428","company_name":"XWELL, Inc.","filed_at":"2025-01-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.551128+00:00","generated_at":"2026-05-28T01:02:27.010268+00:00","sec_items":["1.01","3.02","3.03","5.03","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"XWELL closes $4M private placement of Series G convertible preferred stock and warrants","bullets":["Raised $4.0M gross proceeds via sale of 4,000 shares of Series G Convertible Preferred Stock (conversion price $1.496) and warrants to investors.","Warrants: Series A at $1.496/share, Series B at $1.7952/share, both exercisable immediately for 5 years.","Proceeds to be used for working capital, AI-driven health/wellness product development, and expansion of XWELL locations beyond airports.","Must file resale registration statement within 30 days and seek stockholder approval for conversion/exercise exceeding 19.99% of outstanding common stock.","Preferred stock carries 8% annual dividend (15% upon trigger event) and mandatory redemption in 6 quarterly installments starting Feb 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-003620","json":"https://secwatch.observer/filing/0001104659-25-003620.json","markdown":"https://secwatch.observer/filing/0001104659-25-003620.md","text":"https://secwatch.observer/filing/0001104659-25-003620.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1410428/000110465925003620/0001104659-25-003620-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1410428/000110465925003620/tm253251d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T01:02:27.010268+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}