Wearable Devices Ltd. closed $2.5 million public offering, will use funds for general purposes.

From GlobeNewswire: 2025-01-30 16:32:00

Wearable Devices Ltd. has closed a public offering, raising $2.5 million through the sale of 345,000 ordinary shares, pre-funded warrants, and warrants. The net proceeds will be used for working capital and general corporate purposes. The Company also amended existing warrants for the investor, reducing the exercise price to $1.00 per share. The securities were offered under a registration statement on Form F-1. Wearable Devices is a growth company specializing in AI-powered wearable technology for consumer and business markets, offering touch-free interaction solutions. Their products include the Mudra Band for iOS and Mudra Link for Android, enhancing gaming and AR/VR/XR experiences.



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