---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-036830"
form_type: "8-K"
ticker: "XWEL"
cik: "0001410428"
company_name: "XWELL, Inc."
filed_at: "2025-04-21T23:59:59+00:00"
generated_at: "2026-05-23T10:05:20.996354+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# XWELL dismisses Marcum, engages CBIZ CPAs; cites material weaknesses

## Summary
- Dismissed Marcum LLP and engaged CBIZ CPAs as auditor for FY2025, effective April 21, 2025.
- Marcum's reports for FY2024 and FY2023 were unqualified except for going-concern qualification in FY2024.
- Disclosed material weaknesses in internal controls: lease accounting, entity-level monitoring, IT vendor controls, revenue process, foreign subsidiaries.
- No disagreements or reportable events (other than material weaknesses) between Company and Marcum.

## SEC filing metadata
- accession: 0001104659-25-036830
- form_type: 8-K
- ticker: XWEL
- cik: 0001410428
- company_name: XWELL, Inc.
- filed_at: 2025-04-21T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.6
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1410428/000110465925036830/0001104659-25-036830-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1410428/000110465925036830/tm2512718d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-036830
- JSON: https://secwatch.observer/filing/0001104659-25-036830.json
- Plain text: https://secwatch.observer/filing/0001104659-25-036830.txt

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