---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-112475"
form_type: "8-K"
ticker: "XWEL"
cik: "0001410428"
company_name: "XWELL, Inc."
filed_at: "2025-11-14T23:59:59+00:00"
generated_at: "2026-05-16T19:49:13.441428+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# XWELL exchanges $1.55M Series G Preferred for $3.39M convertible notes; amends terms

## Summary
- Exchanged $1,553,806 Stated Value of Series G Preferred Stock (including accrued dividends) for $3,387,138.80 senior secured convertible notes.
- Filed Certificate of Amendment reducing Series G conversion price to $1.00 and removing requirement to maintain 200% cash reserves for conversion shares.
- Added anti-dilution price-based adjustments to conversion price and provisions for accelerated conversion at lower of installment price or 80% VWAP.
- Closing occurred November 10, 2025; exchange intended to modify rights of Series G Preferred holders.

## SEC filing metadata
- accession: 0001104659-25-112475
- form_type: 8-K
- ticker: XWEL
- cik: 0001410428
- company_name: XWELL, Inc.
- filed_at: 2025-11-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- confidence: high
- sec_items: 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1410428/000110465925112475/0001104659-25-112475-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1410428/000110465925112475/tm2531269d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-112475
- JSON: https://secwatch.observer/filing/0001104659-25-112475.json
- Plain text: https://secwatch.observer/filing/0001104659-25-112475.txt

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