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Wearable Devices Ltd. ( (WLDS) ) has provided an update.
On January 30, 2025, Wearable Devices Ltd. announced the successful closing of a $2.5 million public offering, involving the sale of ordinary shares and warrants. The proceeds from this offering will be used for working capital and general corporate purposes, enhancing the company’s financial position and supporting its growth strategies in the competitive AI-based wearable technology industry.
More about Wearable Devices Ltd.
Wearable Devices Ltd. is a pioneering company specializing in AI-powered neural input technology for consumer and business markets. Their products, such as the Mudra Band and Mudra Link, offer touch-free interaction using proprietary sensors and AI algorithms. They operate with a dual-channel business model encompassing direct-to-consumer sales and enterprise licensing, and aim to set the input standard for the XR market.
YTD Price Performance: -57.00%
Average Trading Volume: 809,033
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.73M
See more insights into WLDS stock on TipRanks’ Stock Analysis page.
