XWELL, Inc. (XWEL on NASDAQ) filed an 8-K on November 3, 2025, detailing a significant debt restructuring and security amendments.
Debt Restructuring & Exchange The core event involved an exchange agreement where outstanding Series G Convertible Preferred Stock, including \(1.55 million in accrued dividends, was converted into new **Senior Secured Convertible Notes** totaling approximately \)3.39 million. These new Notes are secured by a first-priority security interest and bear an 8.0% annual interest rate, increasing to 15.0% upon default. Mandatory quarterly redemption payments begin Apr
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