XWELL, Inc. has issued a supplement to its proxy statement, correcting the number of shares of common stock outstanding ahead of a special meeting scheduled for October 28, 2026. This correction is crucial for ensuring that shareholders have accurate information for voting purposes.
The company’s filing with the Securities and Exchange Commission (SEC) on October 21, 2026, revealed that the number of shares entitled to vote at the upcoming meeting is 10,620,883, up from the previously reported 9,970,883. This adjustment reflects the issuance of 650,000 shares under restricted stock awards that were inadvertently omitted from earlier disclosures.
The special meeting is set to take place virtually at 10:00 a.m. Eastern Time. The record date for determining stockholders entitled to vote was fixed by the board as October 7, 2026. This means that only those who held shares as of that date will be eligible to participate in the voting process.
In the filing, XWELL emphasized that this correction does not affect the date, time, or format of the special meeting, nor does it alter the proposals to be voted upon or the recommendations of the board. The company is focused on maintaining transparency and accuracy in its communications with shareholders.
As a player in the personal services sector, XWELL's commitment to clear and accurate reporting is vital for maintaining shareholder trust and engagement. The correction of the share count is particularly relevant as it may influence the voting dynamics during the special meeting.
Looking ahead, the company will continue to prepare for the special meeting, where shareholders will vote on critical matters. The filing does not specify any further actions that will follow the meeting.