Wearable Devices Ltd. closed a $1.85 million offering for capital and general purposes.

From GlobeNewswire: 2024-11-27 17:05:00

Wearable Devices Ltd. has successfully closed a registered direct offering and private placement, issuing 822,000 ordinary shares and warrants at $2.25 per share, totaling approximately $1.85 million. Proceeds will be used for working capital and general corporate purposes. A.G.P./Alliance Global Partners served as the sole placement agent. The securities were issued under a registration statement and the warrants were issued under an exemption from registration. The Company specializes in AI-based neural input interface technology for B2C and B2B markets, with products like the Mudra Band for Apple Watch. Their ordinary shares and warrants trade on Nasdaq under “WLDS” and “WLDSW.”

In a recent announcement, Wearable Devices Ltd. revealed the successful completion of a registered direct offering and private placement, raising about $1.85 million. The Company will utilize the funds for working capital and general corporate purposes. A.G.P./Alliance Global Partners acted as the sole placement agent for the offerings. Wearable Devices specializes in AI-based technology for wearable devices and has products like the Mudra Band for Apple Watch. Their securities trade on Nasdaq under the symbols “WLDS” and “WLDSW.”



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