From GlobeNewswire: 2025-01-28 20:00:00

Wearable Devices Ltd. announced a public offering with a single institutional investor for up to 2,500,000 ordinary shares and warrants at $1.00 per share, expecting to raise $2.5 million before expenses. The offering is set to close on January 30, 2025, with proceeds intended for working capital and general corporate purposes. A.G.P./Alliance Global Partners is the placement agent. Additionally, existing warrants with an exercise price of $2.50 per share will be amended to $1.00 per share. The securities are offered under a registration statement on Form F-1, with the Offering made through a prospectus available on the SEC’s website.

Wearable Devices Ltd. is a leading company in AI-powered neural input technology for consumer and business markets, offering products like the Mudra Band for iOS and Mudra Link for Android. Their solutions enable touch-free interaction through finger and wrist movements, enhancing gaming and AR/VR/XR experiences. With a dual-channel business model, the Company aims to set the input standard for the XR market. The Company’s ordinary shares and warrants trade on Nasdaq under the symbols “WLDS” and “WLDSW,” respectively.



Read more at GlobeNewswire: Wearable Devices Ltd. Announces Pricing of $2.5 Million