XWELL, Inc. Files Amendment No. 1 to 2023 Annual Report

TL;DR

<b>XWELL, Inc. has filed an amendment to its 2023 annual report, providing updated information for its fiscal year ending December 31, 2023.</b>

AI Summary

XWELL, Inc. (XWEL) filed a Amended Annual Report (10-K/A) with the SEC on April 17, 2024. XWELL, Inc. filed an amendment (10-K/A) to its annual report for the fiscal year ended December 31, 2023. The company's principal executive offices are located at 254 West 31st Street, 11th Floor, New York, NY 10001. XWELL, Inc. is incorporated in Delaware with an IRS Employer Identification No. of 20-4988129. The company's common stock, par value $0.01 per share, is traded under the symbol XWEL on The Nasdaq Stock Market LLC. The filing indicates XWELL, Inc. is not a well-known seasoned issuer and is not required to file reports pursuant to Section 13 or 15(d) of the Act, but has filed all required reports for the preceding 12 months.

Why It Matters

For investors and stakeholders tracking XWELL, Inc., this filing contains several important signals. This amendment provides updated information for the fiscal year 2023, which is crucial for investors to have the most current financial and operational details. The filing confirms the company's trading on the Nasdaq under the ticker XWEL, indicating its status as a publicly traded entity.

Risk Assessment

Risk Level: low — XWELL, Inc. shows low risk based on this filing. The filing is an amendment to a previous report, suggesting potential corrections or additions rather than new material negative events.

Analyst Insight

Review the specific amendments made in this 10-K/A filing to understand any changes in financial reporting or business disclosures for XWELL, Inc.

Key Numbers

• 2023-12-31 — Fiscal Year End (The report covers the fiscal year ended on this date.)
• 001-34785 — Commission File Number (SEC file number for XWELL, Inc.)
• 212-750-9595 — Business Phone (Registrant's telephone number.)

Key Players & Entities

• XWELL, Inc. (company) — Filer name and subject of the report.
• 2023 (date) — Fiscal year end date.
• 254 West 31st Street, 11th Floor (location) — Principal executive office address.
• New York, NY 10001 (location) — Principal executive office address.
• Delaware (location) — State of incorporation.
• 20-4988129 (identifier) — IRS Employer Identification No.
• XWEL (ticker) — Trading symbol for common stock.
• The Nasdaq Stock Market LLC (company) — Exchange where common stock is registered.

FAQ

Industry Context

XWELL, Inc. operates in the personal services sector, specifically focusing on airport-based services.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial reports.

What Investors Should Do

1. Analyze the specific changes and additions in Amendment No. 1 to the 10-K filing.
2. Verify the company's current financial standing and operational disclosures.
3. Monitor future filings for any further updates or significant developments.

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the annual report.
• 2024-04-17: Filing Date — Date the amendment to the 10-K was filed with the SEC.

Year-Over-Year Comparison

This is an amendment (10-K/A) to the previously filed 2023 annual report, indicating updates or corrections to the original filing.

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share XWEL The Nasdaq Stock Mar
• $4.00 — reference to the closing sale price of $4.00 per share on the Nasdaq Stock Market LL

Filing Documents

• tm2412026d1_10ka.htm (10-K/A) — 48KB
• tm2412026d1_ex31-1.htm (EX-31.1) — 8KB
• tm2412026d1_ex31-2.htm (EX-31.2) — 8KB
• tm2412026d1_ex32.htm (EX-32) — 4KB
• 0001104659-24-048308.txt (&nbsp;) — 291KB
• xwel-20231231.xsd (EX-101.SCH) — 3KB
• xwel-20231231_lab.xml (EX-101.LAB) — 37KB
• xwel-20231231_pre.xml (EX-101.PRE) — 24KB
• tm2412026d1_10ka_htm.xml (XML) — 6KB

EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 4

SIGNATURES

SIGNATURES 5 3 PART IV

EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES (a)(1) No financial statements are filed with this Amendment No. 1. These items were included as part of the Original Form 10-K. (a)(2) None. (a)(3) Exhibits. The following exhibits are filed as part of, or incorporated by reference into, this Amendment No. 1 to the Original Form 10-K. Exhibits Index Exhibit No. Description 31.1* Certification of Principal Executive Officer pursuant to Exchange Act, Rules 13a - 14(a) and 15d - 14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 31.2* Certification of Principal Financial Officer pursuant to Exchange Act, Rules 13a - 14(a) and 15d - 14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 32** Certifications of Principal Executive Officer and Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 97 XWELL, INC Incentive Compensation Recovery Policy 101.INS Inline XBRL Instance Document. 101.SCH Inline XBRL Taxonomy Extension Schema Document 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document 101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document 101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document 104 Cover Page Interactive Data File (embedded within the Inline XBRL documents) * Filed herewith. ** Furnished herewith. 4

SIGNATURES

SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this Amendment No. 1 to the Annual Report on Form 10-K to be signed on its behalf by the undersigned thereunto, duly authorized on the 17th day of April 2024. XWELL, Inc. By: /s/ SCOTT R. MILFORD Scott R. Milford Chief Executive Officer (Principal Executive Officer) XWELL, Inc. By: /s/ SUZANNE A. SCRABIS Suzanne A. Scrabis Chief Financial Officer (Principal Financial and Accounting Officer) Pursuant to the requirements of Securities Exchange Act of 1934, this Amendment No. 1 to the Annual Report on Form 10-K has been signed below by the following persons on behalf of the registrant and in the capacities indicated below and on the dates indicated. Signature Title Date /s/ SCOTT R. MILFORD Chief Executive Officer and Director (Principal April 17, 2024 Scott R. Milford Executive Officer) /s/ SUZANNE A. SCRABIS Chief Financial Officer (Principal Financial and April 17, 2024 Suzanne A. Scrabis Accounting Officer) /s/ BRUCE T. BERNSTEIN Director April 17, 2024 Bruce T. Bernstein /s/ ROBERT WEINSTEIN Director April 17, 2024 Robert Weinstein /s/ MICHAEL LEBOWITZ Director April 17, 2024 Michael Lebowitz /s/ GAELLE WIZENBERG Director April 17, 2024 Gaelle Wizenberg 5

View Full Filing

View this 10-K/A filing on SEC EDGAR