secwatch.observer — SEC 8-K summary
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Issuer:     XWELL, Inc. (XWEL)
CIK:        0001410428
Form:       8-K
Filed at:   2025-11-14T23:59:59+00:00
Accession:  0001104659-25-112475
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1410428/000110465925112475/0001104659-25-112475-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1410428/000110465925112475/tm2531269d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-112475

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer