Wearable Devices Ltd. Secures $5.68 Million in Gross Proceeds from Warrant Inducement Transaction

Wearable Devices Ltd. has announced a warrant inducement transaction for $5.68 million in gross proceeds. The company will use the net proceeds for working capital and other general corporate purposes. In exchange, Wearable Devices will issue new unregistered warrants to purchase up to 5,813,500 ordinary shares at an exercise price of $1.86 per share. The transaction is expected to close on December 1, 2025.