SCHEDULE: Iroquois Capital Exits XWELL Stake

Iroquois Capital Management, LLC and associated individuals have reported no beneficial ownership of XWELL, Inc. common stock as of June 30, 2026.

Summary

• Iroquois Capital Management, LLC, along with Richard Abbe and Kimberly Page, have filed a Schedule 13G amendment indicating they no longer beneficially own any shares of XWELL, Inc. common stock.
• This divestment was effective as of June 30, 2026.
• The filing states that as of the reporting date, the aggregate amount beneficially owned by each reporting person is 0.00 shares, representing 0% of the class.
• The outstanding shares of XWELL, Inc. common stock were reported as 8,444,266 as of May 14, 2026.

Sentiment

Score: 2

Explanation: StockSavvy.ai views this as a negative development, as the filing indicates a complete divestment of shares, suggesting a lack of confidence or a strategic exit from the investment.

Negatives

• The reporting persons, including Iroquois Capital Management, LLC, Richard Abbe, and Kimberly Page, have completely divested their holdings in XWELL, Inc.
• This indicates a complete exit from any investment in the company by these entities.

Risks

• The complete divestment by a significant holder like Iroquois Capital could signal a lack of confidence in the company's future prospects.
• The market may interpret this exit as a negative signal, potentially impacting the stock price.

Future Outlook

The filing itself does not contain forward-looking statements or guidance from XWELL, Inc. It solely reports on the change in beneficial ownership by Iroquois Capital Management and associated individuals.

Management Comments

• "The foregoing should not be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of shares of Common Stock owned by another Reporting Person."
• "Each of the Reporting Persons disclaim beneficial ownership of these shares, except to the extent of its, his or her pecuniary interest in such shares, if any."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

StockSavvy.ai notes that a Schedule 13G filing typically indicates passive investment. The complete divestment by Iroquois Capital, an investment management firm, suggests a strategic decision to exit the investment, which can be a significant signal to the market, especially if they were previously a notable holder.

Stakeholder Impact

• Shareholders may view the exit of Iroquois Capital as a negative signal, potentially leading to downward pressure on the stock price.
• The market may interpret this divestment as a lack of confidence in XWELL, Inc.'s future performance.

Key Dates

Recommendation

The filing indicates a complete divestment by Iroquois Capital, which is a negative signal. However, without further context on XWELL's financial health or future prospects from the company itself, a 'hold' recommendation is prudent. Investors should monitor XWELL's subsequent filings and announcements for a clearer picture of the company's trajectory.

Keywords

XWELL, Iroquois Capital Management, Richard Abbe, Kimberly Page, Schedule 13G, Beneficial Ownership, Divestment, Securities