The latest announcement is out from Wearable Devices Ltd. ( (WLDS) ).
On March 13, 2025, Wearable Devices Ltd. announced a 1-for-4 reverse share split of its ordinary shares and tradable warrants, which will start trading on a split-adjusted basis on March 17, 2025. This move, approved by shareholders, aims to consolidate shares and warrants without altering the company’s authorized share capital, affecting all shareholders uniformly and adjusting the number of issued shares and warrants significantly. This strategic decision is expected to impact the company’s market positioning by potentially enhancing the trading value of its shares and simplifying its capital structure.
More about Wearable Devices Ltd.
Wearable Devices Ltd. is a pioneering growth company specializing in AI-powered touchless sensing wearables. The company offers innovative products like the Mudra Band and Mudra Link, which enable seamless interaction through subtle finger and wrist movements. With a dual-channel business model, Wearable Devices caters to both consumer and enterprise markets, enhancing experiences in gaming and the expanding AR/VR/XR sectors. The company’s shares and warrants trade on Nasdaq under the symbols ‘WLDS’ and ‘WLDSW’.
YTD Price Performance: -69.50%
Average Trading Volume: 362,220
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.13M
For detailed information about WLDS stock, go to TipRanks’ Stock Analysis page.