---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-019431"
form_type: "8-K"
ticker: "XWEL"
cik: "0001410428"
company_name: "XWELL, Inc."
filed_at: "2026-02-25T23:59:59+00:00"
generated_at: "2026-05-16T00:11:44.841410+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-019431
- form_type: 8-K
- ticker: XWEL
- cik: 0001410428
- company_name: XWELL, Inc.
- filed_at: 2026-02-25T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1410428/000110465926019431/0001104659-26-019431-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1410428/000110465926019431/tm267239d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-019431
- JSON: https://secwatch.observer/filing/0001104659-26-019431.json
- Plain text: https://secwatch.observer/filing/0001104659-26-019431.txt

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