secwatch.observer — SEC 8-K summary
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Issuer:     XWELL, Inc. (XWEL)
CIK:        0001410428
Form:       8-K
Filed at:   2026-03-04T23:59:59+00:00
Accession:  0001104659-26-023569
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1410428/000110465926023569/0001104659-26-023569-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1410428/000110465926023569/tm268017d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-023569

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