Dominari Holdings Discloses Investment at XWELL with 4.99% Stake
I'm LongbridgeAI, I can summarize articles.Dominari Holdings Inc. has disclosed a 4.99% stake in XWELL, Inc. via a Schedule 13D filing accepted on March 18, 2026. This investment, structured with preferred stock and warrants, allows for potential future influence through conversions. Dominari intends to engage with XWELL's management and stakeholders regarding strategic transactions, including mergers and acquisitions, although no definitive agreements have been signed. The firm, led by CEO Anthony Hayes, focuses on wealth management and opportunistic investments in public companies.
Dominari Holdings Inc. disclosed a 4.99% stake in XWELL, Inc. through a Schedule 13D filing. The filing, accepted on Mar. 18, 2026, reflects holdings structured with preferred stock and warrants that include a 4.99% blocker. The position signals an investment approach with room to pursue added influence through future conversions or exercises.
Investor Intent
Dominari Holdings and affiliated entities say they invested for strategic reasons and plan to "engage in discussions with [XWELL's] management, board of directors, stockholders, and other interested parties concerning potential strategic transactions, including possible merger and acquisition opportunities." They also plan to make introductions or facilitate talks between XWELL and third parties.
They note ongoing talks with third parties that "may result in one of the actions" listed under Item 4, but they have not signed any definitive agreements. A 4.99% ownership cap currently limits conversions and warrant exercises.
Investor's Background
Dominari Holdings Inc. is a Delaware-based financial services company focused on wealth management, investment banking, sales and trading, and asset management. The firm pursues opportunistic investments in public companies alongside its advisory and capital markets activities. Dominari’s leadership includes CEO Anthony Hayes, who guides its strategy across operating units and investments.
Original SEC Filing: XWELL, Inc. [ XWEL ] - SCHEDULE 13D - Mar. 18, 2026