other_material
confidence high
sentiment neutral
materiality 0.70
XWELL closes $31.3M private placement of Series H preferred and warrants; repurchases $9M notes
XWELL, Inc.
- Aggregate gross proceeds of $31,333,000 from issuance of 31,333 Series H convertible preferred (conversion price $0.47) and warrants to purchase 66,665,957 common shares (exercise price $0.345).
- Placement agent Dominari Securities received warrants to purchase up to 5,333,277 common shares with same terms.
- Used $9M of proceeds to repurchase outstanding Notes and redeem all Series G preferred stock and Series Warrants from prior investors.
- Filed Certificate of Elimination for Series G preferred (none outstanding) and Certificate of Designations for Series H preferred.
- Private Placement closed in two tranches on Feb 27 and Mar 3, 2026; relied on Section 4(a)(2)/Reg D exemption.