FAQ: Wearable Devices Ltd. $4 Million Registered Direct Offering

What is the main announcement in this content?

Wearable Devices Ltd. has entered into a securities purchase agreement for a $4 million registered direct offering, selling 1,000,000 ordinary shares at $4.00 per share to a single institutional investor, with concurrent private placement warrants for additional shares.

How much money is Wearable Devices Ltd. raising and at what price per share?

The company is raising $4 million in gross proceeds before expenses by selling 1,000,000 ordinary shares at $4.00 per share in this registered direct offering.

What are the details of the warrants being issued in the private placement?

The company will issue unregistered warrants to purchase up to 1,000,000 ordinary shares at $4.00 per share, exercisable immediately and expiring five years from issuance.

When is the closing of this offering expected to occur?

The closing of this offering is anticipated to occur on or about September 12, 2025.

What type of technology does Wearable Devices Ltd. specialize in?

The company specializes in AI-powered touchless sensing wearables, developing AI-based neural input interface technology for both B2C and B2B markets, including their flagship Mudra Band for Apple Watch.

What are the company’s stock symbols and where are they traded?

Wearable Devices Ltd.’s ordinary shares trade under the symbol “WLDS” and their warrants trade under “WLDSW”, both on the Nasdaq market.

Where can investors find more information about Wearable Devices Ltd.?

The latest news and updates relating to WLDS are available in the company’s newsroom at https://ibn.fm/WLDS, and the full press release can be viewed at https://ibn.fm/NkbjS.

What is the significance of this offering being ‘priced at-the-market’?

The offering is priced at-the-market under Nasdaq rules, meaning the shares are being sold at the current market price rather than at a discount, which can be favorable for existing shareholders by minimizing dilution.