secwatch.observer — SEC 8-K summary
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Issuer:     XWELL, Inc. (XWEL)
CIK:        0001410428
Form:       8-K
Filed at:   2025-11-04T23:59:59+00:00
Accession:  0001104659-25-106407
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1410428/000110465925106407/0001104659-25-106407-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1410428/000110465925106407/tm2530065d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-106407

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