Wearable Devices Announces Pricing of $3.3 Million Registered Direct Offering and Concurrent Private Placement Priced At-the-Market Under Nasdaq Rules

Core Viewpoint - Wearable Devices Ltd. has entered into a securities purchase agreement for the sale of 1,230,000 ordinary shares at a price of $2.67 per share, expecting gross proceeds of approximately $3.3 million, which will be used for working capital and general corporate purposes [1][2]. Group 1: Offering Details - The offering is a registered direct offering priced at-the-market under Nasdaq rules, with the closing expected on or about October 31, 2025, subject to customary closing conditions [2]. - The company will also issue unregistered warrants to purchase up to 1,230,000 ordinary shares in a concurrent private placement, with an exercise price of $2.67 per share [1][4]. - Existing warrants issued to the investor in September 2025 will be amended to reduce the exercise price to $2.67 per share, subject to shareholder approval [5]. Group 2: Regulatory Compliance - The ordinary shares are being offered pursuant to a registration statement on Form F-3, which was declared effective by the SEC on October 18, 2023 [3]. - The private placement of the warrants and shares will be made in reliance on an exemption from registration under the Securities Act of 1933 [4]. Group 3: Company Overview - Wearable Devices Ltd. specializes in AI-powered touchless sensing wearables, with products like the Mudra Band and Mudra Link that enable intuitive control of digital devices using gestures [7][8]. - The company operates through a dual-channel model of direct-to-consumer sales and enterprise licensing, providing advanced input solutions for immersive environments [8][9].