Wearable Devices Ltd. (WLDS) has released an update.
Wearable Devices Ltd. has issued a Convertible Promissory Note to YA II PN, Ltd. under specific terms including a 6% interest rate, increasing to 18% in the event of default, with the principal repayable by a set maturity date or through scheduled installments. The note, which is part of a Standby Equity Purchase Agreement, outlines conditions for repayment, interest accrual, and potential prepayment. Investors should be aware that these securities are not registered with the SEC and are subject to restrictions on their sale.
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