FAQ on Wearable Devices Ltd.'s $2.4 Million Warrant Inducement Transaction

What is the main purpose of Wearable Devices Ltd.’s warrant inducement transaction?

The main purpose is to generate approximately $2.4 million in gross proceeds through the immediate exercise of warrants by an existing institutional investor, which will be used for working capital and general corporate purposes.

How many shares are involved in the warrant inducement transaction?

The transaction involves the purchase of up to 1,661,000 ordinary shares at $1.45 per share.

What will the investor receive in exchange for exercising the warrants?

The investor will receive 3,322,000 new unregistered warrants in a private placement, exercisable at $1.71 per share upon shareholder approval.

When is the closing of the warrant inducement transaction expected?

The closing is expected on or about August 7, 2025, subject to customary conditions.

What does Wearable Devices Ltd. specialize in?

Wearable Devices Ltd. specializes in AI-powered neural input touchless technology, offering products like the Mudra Band and Mudra Link for touch-free, intuitive control of digital devices using gestures.

How does Wearable Devices Ltd. operate in the market?

The company operates through a dual-channel model of direct-to-consumer sales and enterprise licensing and collaborations, targeting both consumer and business sectors with its advanced input solutions.

Where can investors find the latest news and updates about Wearable Devices Ltd.?

Investors can find the latest news and updates in the company’s newsroom at https://ibn.fm/WLDS.

What are the symbols under which Wearable Devices Ltd.’s ordinary shares and warrants trade?

Wearable Devices’ ordinary shares and warrants trade on the Nasdaq Capital Market under the symbols ‘WLDS’ and ‘WLDSW,’ respectively.