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GlobeNewsWire
1 month ago
Wearable Devices Ltd. Announces a Warrant Inducement Transaction for $5.68 Million in Gross Proceeds
Yokneam Illit, Israel, Nov. 28, 2025 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), an award-winning pioneer in artificial intelligence (“AI”)-based wearable gesture control technology, today announced its entry into a warrant inducement agreement with an existing institutional investor of the Company (the “Investor”) for the immediate exercise of warrants (the “Existing Warrants”) to purchase up to 3,322,000 ordinary shares, no par value per share, of the Company (the “Ordinary Shares”), at an exercise price of $1.71 per share for gross cash proceeds of approximately $5.68 million, before deducting fees and other transaction expenses. The Company intends to use the net proceeds from the warrant inducement transaction for working capital and other general corporate purposes.