American Ventures Converts Preferred Stock, Boosts XWELL Stake to 9.975%
XWEL has more than doubled off its 52-week low of $0.255 on light trading volume (0.3× avg).
Summary
American Ventures converted preferred stock into 993,617 common shares, lifting its XWELL stake to 9.975% and securing voting power to support the pending $13M asset sale.
Key Events · Ownership and Investor Activity · XWEL
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Preferred Stock Conversion
American Ventures converted 467 shares of Series H Convertible Preferred Stock into 993,617 common shares at $0.47 per share on September 8, 2026.
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Stake Rises to 9.975%
Beneficial ownership increased from 6.9% to 9.975% of XWELL's 9,960,883 outstanding shares, following the ownership blocker increase from 4.99% to 9.99% effective September 7, 2026.
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Voting Support for Asset Sale
The conversion enables American Ventures to vote its shares in favor of the $13 million sale of XpresSpa and XpresTest under the July 6, 2026 Support Agreement with Express Wellness Group.
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Substantial Additional Securities
American Ventures holds 30,866 Series H preferred shares convertible into 65.7 million common shares and 66.7 million warrants, all subject to 4.99%/9.99% ownership limitations.
Analysis · XWEL · Trade & Services
American Ventures LLC converted 467 shares of Series H Convertible Preferred Stock into 993,617 common shares at $0.47 per share, raising its beneficial ownership to 9.975% of XWELL's outstanding stock. The conversion follows a July 7, 2026 notice to increase the ownership blocker from 4.99% to 9.99%, which became effective September 7, 2026. This move is tied to the Support Agreement with Express Wellness Group, under which American Ventures agreed to vote its shares in favor of the $13 million sale of XpresSpa and XpresTest. The conversion gives American Ventures voting power to support the pending transaction, while the filing also discloses substantial additional convertible securities — 30,866 preferred shares convertible into 65.7 million common shares and 66.7 million warrants — that remain subject to ownership limitations.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30.2% of the 2009 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.11%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, XWEL was trading at $0.96 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $8.2M. The 52-week trading range was $0.26 to $2.20. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.