An investment group linked to Trump's children has bought shares in a small-cap spa owner

American Ventures, an investment group linked to US President Donald Trump's children, has acquired the securities of small-cap spa owner XWell. It plans to introduce AI-based screening for infectious diseases at US airports by the World Cup in June, the Financial Times notes.

American Ventures, which is managed by broker Dominari Securities, has acquired 31,333 preferred shares of XWell and nearly 66.7 million warrants that can be converted into common shares, the company said in documents it filed with the US Securities and Exchange Commission (SEC). They were published in March, but the deal had not been widely reported before, the FT notes.

The deal with American Ventures will bring XWell about $31.3 mln, the issuer said in February, when it first announced the agreement (the deal was not closed then). For comparison: at the close of trading on April 2 (on Friday, April 3, the U.S. exchanges were not working), XWell's capitalization was only $6.1 million.

American Ventures can convert XWell preferred stock into 66.7 million shares of common stock and receive the same number of securities in exchange for warrants, according to documents to the SEC. However, after the conversion, the investment company and its affiliates' stake cannot exceed 4.99% of the issuer's capital.

In trading on April 6, XWell securities were up nearly 16% to $1.24 at the moment.

XWell, through its subsidiaries, owns wellness centers, spas, and hair removal salons in Florida, and conducts medical express tests at U.S. airports.

It began by testing travelers to the country for COVID-19. As the spread of the disease slowed, it switched to the U.S. Centers for Disease Control and Prevention's (CDC) Traveler Surveillance Program. Launched in 2021, the initiative aims to rapidly identify new strains of the disease.

Xwell plans to introduce AI-based screening for infectious diseases at US airports in time for the World Cup, which will be held in the US in June. The deal between American Ventures and the small-cap company came three weeks after the latter partnered with startup PieQ, which specializes in predictive analytics using artificial intelligence, the FT writes.

On April 1, XWell reported a net loss of $17 million in 2025 on revenue of $29.2 million. Most of it - about 60% - came from its 25 XpresSpa salons offering manicures, massages and "rejuvenating" services, including LED face masks and chakra beds (seven polished quartz colored crystals suspended above them, where each color is responsible for a specific chakra: in alternative medicine, they are believed to balance energy) at airports in the United States, United Arab Emirates and Turkey, the FT notes.

Since the beginning of the year, XWell's quotations have soared by more than 132%. The main growth came in late February, when the company announced an agreement with American Ventures.

XWell is followed by just one analyst on Wall Street. He recommends buying the company's stock with a $7 target price, which is 7 times the last closing price.