XWELL, Inc. XWEL (last ticker on record)

CIK 1410428Its SEC filings (opens in a new tab)

Restatement
Delisting notice (not a red flag)
95% wipeout
SEC/DOJ scrutiny

These figures describe clients, not conduct. A lawyer or firm can serve many companies that later had trouble for reasons that have nothing to do with their work, and nothing here says any lawyer or firm did anything wrong.

Red flags: 3; Newest began May 2026
Largest fall in its shares: 99%; May 2018 to Dec 2022
Law firms: 10; Linked to 5 or more companies
Lawyers: 13; Linked to 5 or more companies

What happened

Oct 20, 2026Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
May 4, 2026SEC administrative actionSEC order (opens in a new tab)
Dec 19, 2025Shares down 95% from their high
Dec 5, 2025Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
May 19, 2025Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Apr 12, 2024Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
Apr 27, 2023Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Oct 31, 2022Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Sep 13, 2022Delisting notice (Item 3.01)Form 8-K/A (opens in a new tab)
Jun 14, 2022Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Jan 3, 2020Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Nov 26, 2019Shares down 95% from their high
Sep 17, 2018Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Mar 19, 2018Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Mar 17, 2016Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Jun 18, 2015Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Dec 19, 2014Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Apr 19, 2013Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Jul 27, 2011Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
May 31, 2011Delisting notice (Item 3.01)Form 8-K (opens in a new tab)

An SEC release can name a company’s officer, or its stock as what a scheme sold or moved, so the company may be the victim. Each link goes to what to read.

Law firms

The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.

Law firms linked to this company
Name	First linked	How it is known	Linked companies	SEC/DOJ scrutiny	Went dark	95% wipeout
Vinson & Elkins L.L.P.	Aug 2024	Named in SEC correspondence	783	1.09	0.11	1.03
Haynes and Boone	Aug 2024	Named in SEC correspondence	353	1.03	0.56	0.84
Bryan Cave	Jul 2020	Named in SEC correspondence	471	1.09	0.76	0.98
Ellenoff Grossman & Schole LLP	Jan 2010	Named in SEC correspondence	963	0.96	1.12	1.21
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.	Jan 2010	Named in SEC correspondence	567	0.92	0.60	1.20
DLA Piper	Oct 2016	Text search only	1,184	1.00	0.45	1.20
Arent Fox	Apr 2012	Text search only	90	0.94	0.94	0.91
Irell & Manella	Apr 2012	Text search only	76	1.73	1.09	1.23
Schulte Roth & Zabel	Apr 2012	Text search only	296	0.93	0.44	0.99
Skadden, Arps, Slate, Meagher & Flom LLP	Apr 2012	Text search only	2,607	1.15	0.19	0.85

Lawyers

The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.

Lawyers linked to this company
Name	First linked	How it is known	Linked companies	SEC/DOJ scrutiny	Went dark	95% wipeout
Rick A. WernerHaynes and Boone	Feb 2025	Named in a filing	64	0.44	0.00	0.87
Lawrence S. ElbaumVinson & Elkins L.L.P.	Aug 2024	Named in SEC correspondence	26	1.17	0.00	0.80
Jennifer A. D'AlessandroHolme Roberts & Owen LLP	Aug 2020	Named in SEC correspondence	9	1.32	0.00	1.63
Kenneth L. HendersonBryan Cave	Jul 2020	Named in a filing	17	1.41	1.98	1.37
Robert J. EndicottBryan Cave	Jul 2020	Named in SEC correspondence	23	1.67	0.00	1.48
Daniel A. BagliebterMintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.	Jun 2018	Named in SEC correspondence	25	2.69	0.00	1.49
Kenneth R. KochMintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.	Mar 2012	Named in SEC correspondence	63	1.72	0.67	1.86
Jeffrey P. SchultzMintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.	Jun 2010	Named in SEC correspondence	46	2.10	0.66	1.53
Barry I. GrossmanEllenoff Grossman & Schole LLP	Jan 2010	Named in SEC correspondence	187	0.98	1.25	1.32
David SelengutEllenoff Grossman & Schole LLP	Jan 2010	Named in SEC correspondence	36	1.41	1.80	1.99
Alla DigilovaHaynes and Boone	Feb 2025	Text search only	36	1.06	0.00	0.41
Patrick GadsonVinson & Elkins L.L.P.	Aug 2024	Text search only	17	1.78	0.00	1.00
Sidney BurkeDLA Piper	Sep 2016	Text search only	14	1.93	0.00	1.03