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 before expenses, through the sale of 670,000 ordinary shares at $6.00 per share to a single institutional investor.

How much money 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 other offering expenses from the sale of 670,000 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 of the offering is expected to occur on or about September 15, 2025, subject to the satisfaction of customary closing conditions.

What type of investor is participating in this offering?

The offering involves a single institutional investor, as specified in the securities purchase agreement for this registered direct offering.

What is Wearable Devices Ltd.’s core business and technology focus?

Wearable Devices Ltd. specializes in AI-powered touchless sensing wearables, developing neural input interface technology for both B2C and B2B markets, with products like the Mudra Band for Apple Watch that enables touchless interaction with connected devices.

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

Investors can view the full press release at https://ibn.fm/hKmTU and access the latest news and updates in the company’s newsroom at https://ibn.fm/WLDS.

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

The company targets both B2C markets with products like the Mudra Band for Apple Watch and B2B markets through technology licensing, focusing on the Extended Reality landscape which is rapidly expanding in the tech industry.

How are Wearable Devices Ltd.’s securities traded on public markets?

The company’s ordinary shares trade on the Nasdaq market under the symbol “WLDS” and its warrants trade under the symbol “WLDSW”.