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Wearable Devices Ltd. ( (WLDS) ) has issued an update.
On January 28, 2025, Wearable Devices Ltd. announced a Securities Purchase Agreement with an institutional investor, involving the sale of 345,000 ordinary shares and warrants to acquire further shares, generating approximately $2.5 million in gross proceeds. The offering, expected to close around January 30, 2025, will support the company’s working capital and corporate purposes, reflecting its strategic positioning in enhancing AR/VR/XR technologies. Additionally, the company amended existing warrants to reduce exercise prices and extended their expiration, indicating a focus on investor engagement and flexibility.
More about Wearable Devices Ltd.
Wearable Devices Ltd. is a pioneering company in the AI-powered wearable technology industry, focused on revolutionizing human-computer interaction through its neural input technology. The company offers innovative products such as the Mudra Band for iOS and Mudra Link for Android, enabling touch-free interaction. Its dual-channel business model includes direct-to-consumer sales and enterprise licensing, catering to both consumer and business markets.
YTD Price Performance: -57.00%
Average Trading Volume: 809,033
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.73M
Find detailed analytics on WLDS stock on TipRanks’ Stock Analysis page.
