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Dominari Securities CEO Kyle Wool joins 'Mornings With Maria' to discuss the SpaceX lockup strategy and quarterly earnings. Wool explains why he is buying the dip and betting on Elon Musk for the long term. Dominari Securities CEO Kyle Wool joins 'Mornings With Maria' to discuss the SpaceX lockup strategy and quarterly earnings. Wool explains why he is buying the dip and betting on Elon Musk for the long term. SpaceX's staggered lockup release prompts early investor, Wool, to buy more shares.
Company Strengthens Board with Globally Recognized Energy Transition and Capital Markets Expert NEW YORK, Aug. 05, 2026 (GLOBE NEWSWIRE) -- XWELL, Inc. (the "Company" or “XWELL”) (NASDAQ: XWEL), today announced the appointment of Gerard Reid to its Board of Directors, effective immediately. The Company also announced that Ezra Ernst has resigned as a director from the Board of Directors to focus on his responsibilities as President and Chief Executive Officer. Mr. Ernst will continue to serve as President and CEO of the Company. Mr. Reid is internationally recognized as one of the leading advisors on the future of energy, technology, infrastructure and capital markets. Over the past 25 years, Mr. Reid has advised boards of directors, executive officers, institutional investors, governments and entrepreneurs on corporate strategy, governance, capital allocation, mergers and acquisitions, energy transition and industrial transformation. Mr. Reid is currently a member of the leadership team of the Energy Transition Forum. He is also the co-founder and co-host of the highly regarded podcast, Redefining Energy, a leading energy-focused podcasts, featuring global CEOs, policymakers, investors and technology leaders discussing the future of energy and infrastructure. Throughout his career, Mr. Reid has built an exceptional reputation across global capital markets. He is the Co-Founder and Partner of Alexa Capital and previously served as the Managing Director and Head of Cleantech Research at Jefferies International. He has additionally advised utilities, infrastructure funds, private equity firms, institutional investors and high-growth technology companies on strategic transactions, capital raising, renewable energy, digital infrastructure, climate technology and long-term investment strategies. Mr. Reid’s extensive board leadership experience includes serving as Chairman of Reshape Energy, Febesol and Greencom Networks, where he helped guide corporate strategy, financing initiatives and business growth within rapidly evolving energy markets. "We are delighted to welcome Gerard to the Board of Directors," said Bruce Bernstein, Chairman of the Board of the Company. "Gerard brings an exceptional combination of global capital markets expertise, strategic leadership and deep knowledge of the rapidly evolving energy and infrastructure landscape. As XWELL continues to execute its long-term growth strategy, we believe his experience advising leading companies, institutional investors and policymakers around the world will provide tremendous value to both our Board and our shareholders." Commenting on his appointment, Gerard Reid stated: "I am honored to join the Board of XWELL at such an exciting point in the Company's evolution. I believe that we are entering a period where the convergence of artificial intelligence, electrification, digital infrastructure and capital markets is creating significant opportunities for innovative companies. I look forward to working closely with the Board and management team to help shape the Company's long-term strategy and create sustainable value for shareholders." The Company also expressed its appreciation to Ezra Ernst for his service as a member of the Board of Directors. "On behalf of the Board, I would like to thank Ezra for his contributions as a director," said Bruce Bernstein, Chairman of the Board. "As President and CEO, I believe that Ezra's full attention will remain focused on executing the Company's strategic priorities, driving operational performance and delivering long-term shareholder value." About XWELL, Inc. XWELL, Inc. (NASDAQ: XWEL) is focused on developing and executing strategic opportunities across technology, infrastructure and emerging growth markets. The Company is committed to creating long-term value for shareholders through disciplined capital allocation, strategic partnerships and operational execution. Forward-Looking Statements This press release may contain "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These include statements preceded by, followed by or that otherwise include the words "believes," "expects," "anticipates," "estimates," "projects," "intends," "should," "seeks," "future," "continue," or the negative of such terms, or other comparable terminology. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements. Forward-looking statements relating to expectations about future results or events are based upon information available to XWELL as of the date of this press release, and are not guarantees of the future performance of the Company, and actual results may vary materially from the results and expectations discussed. Such statements include, but are not limited to, statements regarding the Company's strategic plans, growth initiatives, future opportunities and expected benefits arising from the appointment of Mr. Reid to the Board of Directors. Additional information concerning these and other risks is contained in the Company’s Annual Report on Form 10-K, as amended, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, and other Securities and Exchange Commission filings. All subsequent written and oral forward-looking statements concerning XWELL, or other matters and attributable to XWELL or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. XWELL does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof. Media Contact: eernst@xwel.com
Chairman Kyle Wool, a veteran Wall Street executive, to lead the Company's pursuit of its anticipated initial business combination phase New York, New York, Aug. 05, 2026 (GLOBE NEWSWIRE) -- New America Acquisition I Corp. (NYSE: NWAX) (the "Company") today announced that Kevin McGurn has resigned as Chief Executive Officer and as a member of the Board of Directors of the Company, effective August 5, 2026, and that the Board of Directors has appointed Kyle Wool, the Company's Chairman of the Board, as Chief Executive Officer, effective as of the same date. Mr. Wool will continue to serve as Chairman of the Board. Mr. McGurn's resignation was voluntary and was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. The Company completed its initial public offering of 34,500,000 units at $10.00 per unit in December 2025, including the full exercise of the underwriters' over-allotment option, and continues to pursue its initial business combination targeting established U.S.-based companies across industrial automation, data and AI infrastructure, advanced manufacturing and the modernization of U.S. energy and power systems. "Leading New America from its founding through one of the most successful SPAC IPOs of 2025 has been a privilege, and I am proud of the platform and the team we have built," said Mr. McGurn. "Kyle is a proven capital markets leader with deep relationships across Wall Street and a long record of building businesses and delivering for investors. He knows this Company, he believes in its mission, and I can think of no one better positioned to carry it forward. I have complete confidence in Kyle and the Board, and I look forward to the Company completing an outstanding business combination." "On behalf of the Board, I want to thank Kevin for his leadership and for the strong foundation he built," said Mr. Wool. "Looking ahead, I am excited to complete a business combination with a great company that advances American industry and innovation and improves value for Americans. With the capital raised in our offering and a deep pipeline of opportunities across the sectors we know best, New America has the team, the resources and the mandate to deliver on that mission." Kyle Wool brings more than two decades of experience across financial services and capital markets. He has served as president of Dominari Holdings Inc. (Nasdaq: DOMH) since December 2023 and chief executive officer of Dominari Securities LLC since May 2023. Earlier in his career, Wool was an executive director at Morgan Stanley, advising clients on investment strategy and capital allocation. He also held senior roles at Oppenheimer and Co., including serving as managing director of the Professional Investors Group for Oppenheimer Asia Ltd. Wool holds a degree from the State University of New York at Binghamton. About New America Acquisition I Corp New America Acquisition I Corp is a blank-check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The Company intends to target established U.S.-based companies that contribute to industrial capacity, technological innovation, and economic resilience, with a focus on automation, advanced manufacturing, infrastructure and energy systems. Learn more at https://newamericaacquisition.com/ Cautionary Note Regarding Forward-Looking Statements This press release contains statements that constitute "forward-looking statements," including with respect to the Company's leadership transition, the Company's search for and ability to consummate an initial business combination and the anticipated benefits of the management changes described herein. No assurance can be given that the Company will ultimately complete a business combination transaction in the sectors it is targeting or at all. Management has based these forward-looking statements on its current expectations, assumptions, estimates, and projections. While they believe these expectations, assumptions, estimates, and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management's control. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's Annual Report on Form 10-K and other filings with the U.S. Securities and Exchange Commission (the "SEC"). Copies of these documents are available on the SEC's website, at www.sec.gov . The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Contact Brian S. Siegel, IRC®, M.B.A. Senior Managing Director Hayden IR - Chicago (346) 396-8696 (o) brian@haydenir.com SOURCE: New America Acquisition I Corp.
