---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-023569"
form_type: "8-K"
ticker: "XWEL"
cik: "0001410428"
company_name: "XWELL, Inc."
filed_at: "2026-03-04T23:59:59+00:00"
generated_at: "2026-05-15T21:36:22.574956+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# XWELL closes $31.3M private placement of Series H preferred and warrants; repurchases $9M notes

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-023569
- form_type: 8-K
- ticker: XWEL
- cik: 0001410428
- company_name: XWELL, Inc.
- filed_at: 2026-03-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1410428/000110465926023569/0001104659-26-023569-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1410428/000110465926023569/tm268017d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-023569
- JSON: https://secwatch.observer/filing/0001104659-26-023569.json
- Plain text: https://secwatch.observer/filing/0001104659-26-023569.txt

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