A family-linked investment group Trump agreed to support XWELL, Inc. (NASDAQ:XWEL), a wellness and biosecurity company that plans to deploy artificial intelligence infectious disease screening at U.S. airports during the 2026 FIFA World Cup, the Financial Times reported.
American Venturesun véhicule à usage spécial géré par le courtier Master Securitiesbased at Trump Tower, agreed in late February to purchase $31.3 million in convertible preferred stock from XWell. At the time, XWell had a market capitalization of less than $3 million.
The 31,333 preferred shares were priced at $1,000 each, convertible into 66.6 million shares of common stock at an initial conversion price of $0.47, according to documents filed with securities regulators.
Dépistage à grande échelle
Investment closed three weeks after XWell partnered with AI predictive analytics startup PieQ. The two companies plan to deploy what they describe as a “next-generation intelligence layer” to manage expected travel peaks around major international events, starting with the World Cup.
Through subsidiaries, XWell provides voluntary diagnostic testing to inbound international travelers, funded in part through U.S. government contract awards. The company also operates 25 XpresSpa locations in airports across the United States, United Arab Emirates and Turkey, as well as a chain of hair removal salons in southwest Florida.
XWell announced in 2025 a net loss of $17 million on revenue of $29.2 million.
Ties with Trump under scrutiny
It was not immediately clear whether Eric Trump or Donald Trump Jr had personally invested in XWell, although a person familiar with the matters said the Trumps were involved in the “majority” of American Ventures’ deals. Neither responded to requests for comment. Dominari declined to comment.
The duo joined Dominari’s advisory board in late 2024. They separately used another vehicle from American Ventures to invest in Powerusa drone company seeking a Pentagon contract and reverse merger with Aureus Greenway Holdings Inc. (NASDAQ:AGH)).
The XWell deal is part of a broader pattern of business activities by the Trump family in the spotlight. The Trump family reportedly received $187 million from a company backed by a member of the Abu Dhabi royal family days before the president’s inauguration, months before the United Arab Emirates secured 500,000 advanced artificial intelligence chips a year. Eric Trump signed a separate $500 million investment deal with UAE National Security Advisor Sheikh Tahnoon through World Liberty Financial.
Benzinga’s Edge Stock Rankings indicate that XWEL exhibits a positive price trend across all time periods.
Disclaimer:Â This content was produced using AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock/ noamgalai
