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Stock impact report

XWELL Announces Closing of $4 Million Private Placement Consisting of Convertible Preferred Stock and Warrants [Yahoo! Finance]

XWELL, Inc. (XWEL) 
Company Research Source: Yahoo! Finance
the "Company"), an authority in wellness solutions for people on the go, today announced the closing of its private placement offering of $4 million of the Company's newly designated Series G Convertible Preferred Stock. The Company also issued to the investors in the private placement Series A warrants and Series B warrants exercisable for the Company's common stock. The gross proceeds of the private placement were approximately $4.0 million, before deducting other offering expenses payable by the Company. XWELL intends to use the net proceeds of this private placement for working capital and general corporate purposes as part of the strategy outlined in the shareholder letter dated December 5, 2024. “This funding will empower us to a Read more
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