---
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"
generated_at: "2026-05-28T01:02:27.010268+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# XWELL closes $4M private placement of Series G convertible preferred stock and warrants

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-003620
- JSON: https://secwatch.observer/filing/0001104659-25-003620.json
- Plain text: https://secwatch.observer/filing/0001104659-25-003620.txt

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