American Ventures, a particular goal car managed by Trump Tower-primarily based dealer Dominari Securities, agreed in late February to buy $31.3 million of convertible most popular shares in XWell. On the time, XWell carried a market capitalisation of below $3 million.
The 31,333 most popular shares have been priced at $1,000 every, convertible into 66.6 million frequent shares at an preliminary conversion value of $0.47, in accordance with securities filings.
AI Screening At Scale
The funding closed three weeks after XWell partnered with AI predictive evaluation begin-up PieQ. The 2 corporations plan to deploy what they describe as a “subsequent technology intelligence layer” to handle anticipated journey surges round main worldwide occasions, starting with the World Cup.
Via subsidiaries, XWell gives voluntary diagnostic assessments to incoming worldwide vacationers, funded partially by means of U.S. authorities contract awards. The corporate additionally operates 25 XpresSpa shops throughout airports within the U.S., the UAE and Turkey, alongside a waxing salon chain in southwest Florida.
XWell reported a web lack of $17 million in 2025 on income of $29.2 million.
Trump Ties Underneath Scrutiny
It was not instantly clear whether or not Eric Trump or Donald Trump Jr. personally invested in XWell, although an individual aware of the matter mentioned the Trumps have been concerned in “most” American Ventures offers. Neither responded to requests for remark. Dominari declined to remark.
Benzinga’s Edge Inventory Rankings point out that XWEL has a positive price trend throughout all time frames.
Disclaimer: This content material was produced with the assistance of AI instruments and was reviewed and revealed by Benzinga editors.
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