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

What is the main purpose of Wearable Devices Ltd.’s recent financial transaction?

Wearable Devices Ltd. entered into a securities purchase agreement for a registered direct offering to raise approximately $4 million in gross proceeds by selling 670,000 ordinary shares at $6.00 per share to a single institutional investor.

How much capital is Wearable Devices Ltd. expecting to raise from this offering?

The company expects gross proceeds of approximately $4 million before deducting placement agent commissions and expenses from the sale of 670,000 ordinary shares at $6.00 per share.

What additional financial instruments are being issued alongside the share offering?

In a concurrent private placement, the company will issue unregistered warrants to purchase up to 670,000 ordinary shares at $6.00 per share, which are exercisable immediately and expire five years from issuance.

When is the expected closing date for this offering?

The closing is expected to occur on or about September 15, 2025, subject to customary closing conditions being met.

What type of investor is participating in this offering?

The offering involves a single institutional investor purchasing the securities through a registered direct offering priced at-the-market under Nasdaq rules.

What is Wearable Devices Ltd.’s core business and flagship product?

Wearable Devices Ltd. develops AI-based neural input interface technology, with its flagship product being the Mudra Band for Apple Watch, which uses proprietary sensors for touchless interaction with connected devices through finger and wrist movements.

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

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

What markets does Wearable Devices Ltd. serve with its technology?

The company serves both B2C (business-to-consumer) and B2B (business-to-business) markets, offering its Mudra Band for consumers and licensing the same technology to businesses through its B2B product.

How does this capital raise support Wearable Devices Ltd.’s strategic goals?

The $4 million in proceeds will support the company’s commitment to creating disruptive, industry-leading AI-powered technology for the Extended Reality landscape, one of the fastest-growing sectors in the tech industry.