Wearable Devices Announces Pricing of $4 Million Registered Direct Offering and Concurrent Private Placement Priced At-the-Market Under Nasdaq Rules

Core Points - Wearable Devices Ltd. has entered into a securities purchase agreement with an institutional investor to sell 1,000,000 ordinary shares at a price of $4.00 per share, expecting gross proceeds of approximately $4 million [1][2] - In addition to the share offering, the company will issue unregistered warrants to purchase up to 1,000,000 ordinary shares at the same exercise price of $4.00, which will be exercisable immediately and expire five years after the initial exercise date [1][4] - The net proceeds from the offering will be used for working capital and general corporate purposes [2] Company Overview - Wearable Devices Ltd. specializes in AI-powered touchless sensing wearables, focusing on human-computer interaction through its proprietary technology [6][8] - The company's products, including the Mudra Band and Mudra Link, enable touch-free control of digital devices using gestures, targeting both consumer and enterprise markets [6][7] - The company operates through a dual-channel model, offering direct-to-consumer sales and enterprise licensing, enhancing user experiences in gaming, productivity, and extended reality (XR) environments [7][8]