Xwell (XWEL) shares roughly quadrupled on Wednesday after the global health and wellness company announced a $31.3 million private placement agreement with American Ventures. The transaction includes the sale of 31,333 preferred Series H shares, convertible into 66.7 million common shares at an initial conversion price of $0.47. Additional warrants to purchase another 66.7 million common shares accompany the offering, exercisable immediately at $0.345 per share with a three-year expiration. More News fr ...