secwatch.observer — SEC 8-K summary
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Issuer:     XWELL, Inc. (XWEL)
CIK:        0001410428
Form:       8-K
Filed at:   2026-02-25T23:59:59+00:00
Accession:  0001104659-26-019431
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1410428/000110465926019431/0001104659-26-019431-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1410428/000110465926019431/tm267239d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-019431

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