Material Event (Form 8-K)

Item 8.01 Other Events.

On August 7, 2025, XWELL, Inc. (the "Company") received a letter (the "Letter") from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") stating that for the last 16 consecutive business days, from July 16, 2025, to August 6, 2025, the closing bid price of the Company's common shares had been at or greater than $1.00 per share. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Requirement").

As previously reported, on May 13, 2025, the Company received a letter from Nasdaq notifying the Company that its common shares failed to maintain a minimum bid price of $1.00 overthe previous 30 consecutive business days.

Per the Letter, the matter is now closed.