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

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