Wearable Devices raises $5.68mln through warrant inducement agreement.

Wearable Devices Ltd., a pioneer in AI-based wearable gesture control technology, has entered into a warrant inducement agreement with an institutional investor. The investor has exercised warrants to purchase 3,322,000 ordinary shares at $1.71 per share, generating gross cash proceeds of approximately $5.68 million. The company intends to use the net proceeds for working capital and other corporate purposes. A.G.P./Alliance Global Partners acted as the exclusive financial advisor in this transaction.