XWELL raises ~$31.3M via Series H convertible preferred and warrants; repurchases $9M of existing securities

XWELL, Inc.

Gross proceeds ~$31.3M from sale of 31,333 Series H convertible preferred shares (convertible at $0.47/sh) and 66.7M warrants (exercise $0.345/sh, 3yr).
Uses $9M of proceeds to repurchase $5.96M notes, redeem all Series G preferred, and redeem 8.8M warrants from institutional investors.
Remaining proceeds for general corporate purposes and working capital.
Board grants 100,000 shares restricted stock to each of five directors (500,000 total), vesting 30 days after closing.
Dominari Securities LLC acted as exclusive placement agent; receives 8% fee and warrants for 8% of shares underlying securities.

item 1.01 item 3.02 item 5.02 item 5.03 item 8.01 item 9.01

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accession 0001104659-26-019431

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