XWELL exchanges $1.55M Series G Preferred for $3.39M secured notes; warrants amended

XWELL, Inc.

Exchanged $1,553,806 aggregate Stated Value of Series G Preferred Stock for $3,387,138.80 senior secured convertible notes.
Notes bear 8% interest, mature in 3 years 4 months, convertible at $1.00/share; quarterly installments start Apr 1, 2026.
Warrants exercise price reduced from $1.496/$1.7952 to $1.00; anti-dilution provisions added.
Certificate of Amendment removes cash covenant, reduces Series G conversion price to $1.00, adds anti-dilution.
Company must hold stockholder meeting by Dec 31, 2025 to approve share issuances exceeding 19.99% limit.

item 1.01 item 2.03 item 3.02 item 3.03 item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.7

XWELL, Inc. issued warrant.

Security: warrant

Exact text from the filing

amend and restate the Investors' (i) Series A warrants (the "Amended and Restated Series A Warrants") and (ii) Series B Warrants (the "Amended and Restated Series B Warrants"

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.7

XWELL, Inc. issued preferred stock.

Security: preferred stock

Exact text from the filing

the Company agreed to exchange a portion of the Company's outstanding shares of Series G Preferred Stock, including all accrued and unpaid dividends thereon equal to $1,553,806.00 in aggregate Stated Value, held by the Investors, for senior secured convertible notes (collectively, the "Notes") in the aggregate principal amount of $3,387,138.80 (collectively, the "Exchange").

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XWELL, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-106407

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