Wearable Devices Announces Reverse Share Split to Regain Nasdaq Listing Status

Wearable Devices Ltd. has announced a 1-for-3 reverse stock split to regain compliance with Nasdaq's minimum bid price requirement and protect its continued listing status. The split will affect all shareholders uniformly and will adjust the number of issued and outstanding shares from 10,593,227 to approximately 3,531,076. The new CUSIP numbers for the Ordinary Shares and Warrants will be M97838300 and M97838193, respectively. The Reverse Share Split is aimed at maintaining the listing of the Ordinary Shares and Warrants on Nasdaq.