Wearable Devices Ltd. has announced it has entered into a securities purchase agreement with an existing institutional investor for the sale of approximately 1.23 million ordinary shares at $2.67 per share through a registered direct offering, raising around $3.3 million in gross proceeds before fees and expenses. In a concurrent private placement, the company will issue unregistered warrants to purchase up to 1.23 million ordinary shares at the same price per share. The warrants will be exercisable immediately upon shareholder approval and will expire five years after approval is obtained.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wearable Devices Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9565385-en) on October 30, 2025, and is solely responsible for the information contained therein.