Ownership Filing for XWELL, Inc. by American Ventures LLC

American Ventures LLC, Series XXIV XWELL, along with affiliated entities and individuals (Dominari Holdings Inc., AV Management, AV IM, Eric Newman, and Anthony Hayes), has filed a Schedule 13D indicating a 4.99% ownership in XWELL, Inc. The ownership stake is primarily through convertible preferred stock and warrants, with a Beneficial Ownership Limitation restricting conversion or exercise beyond 4.99% of the outstanding common stock. The Reporting Persons acquired their securities for investment purposes and may engage in discussions regarding strategic transactions. American Ventures LLC, Series XXIV XWELL, used funds from a private offering, while Dominari Holdings Inc. received warrants as compensation for services as a placement agent. No reporting person currently directly owns common stock, but they may be deemed to beneficially own shares issuable upon conversion or exercise, subject to the ownership limitation.