From GlobeNewswire: 2025-04-29 10:55:00

Wearable Devices Ltd. announced a warrant inducement agreement with an existing institutional investor for the immediate exercise of warrants, generating approximately $1.2 million in gross cash proceeds. The investor will receive new unregistered warrants in a private placement as part of the agreement. The Company plans to use the net proceeds for working capital and general corporate purposes. The closing of the transaction is expected on or about April 30, 2025, subject to customary closing conditions. Wearable Devices is a pioneering company revolutionizing human-computer interaction through AI-powered neural input technology for consumer and business markets. Their products, including the Mudra Band for iOS and Mudra Link for Android, offer touch-free interaction through subtle finger and wrist movements, enhancing gaming and AR/VR/XR experiences. Wearable Devices trades on Nasdaq under the symbols “WLDS” and “WLDSW.”



Read more at GlobeNewswire: Wearable Devices Ltd. Announces a Warrant Inducement