Wearable Devices Announces Registered Direct Offering To Sell 1.23M Ordinary Shares At $2.67 Each To An Existing Institutional Investor, Raising ~$3.3 Million

Author: Benzinga Newsdesk | October 30, 2025 07:55am

Wearable Devices Ltd. (NASDAQ:WLDS, WLDSW))) (the "Company" or "Wearable Devices"), a technology growth company specializing in artificial intelligence ("AI")-powered touchless sensing wearables, today announced that it has entered into a securities purchase agreement with an existing single institutional investor for the purchase and sale of 1,230,000 ordinary shares (or ordinary share equivalents in lieu thereof) at a purchase price of $2.67 per share in a registered direct offering priced at-the-market under Nasdaq rules. The gross proceeds from the offering are expected to be approximately $3.3 million, before deducting financial advisor fees and other offering expenses. In addition, in a concurrent private placement, Wearable Devices will issue and sell unregistered warrants to purchase up to 1,230,000 ordinary shares. The warrants will have an exercise price of $2.67 per share, will be exercisable immediately upon shareholder approval of the issuance of the warrants is obtained and will expire five years from the date shareholder approval is obtained.

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