Wearable Devices (WLDS) Files for 2.29M Share and Warrant Offering

Wearable Devices (NASDAQ: WLDS) has filed the following:

We are offering on a “best efforts” basis up to 2,293,578 ordinary shares, no par value per share, or the Ordinary Shares, together with accompanying warrants to purchase up to 2,293,578 Ordinary Shares, or the Warrants, together with the Ordinary Shares, based on an assumed combined public offering price of $2.18 per Ordinary Share and accompanying Warrant (the last reported sale price of our Ordinary Shares on The Nasdaq Capital Market, or Nasdaq, on December 31, 2024). The actual offering price per Ordinary Share and accompanying Warrant will be negotiated between us and the investors, in consultation with the placement agent based on, among other things, the trading price of our Ordinary Shares prior to the offering and may be at a discount to the current market price. Therefore, the assumed public offering price used throughout this prospectus may not be indicative of the final offering price.

The assumed public offering price for each Ordinary Share and accompanying Warrant is $2.18 (the last reported sale price of our Ordinary Shares on the Nasdaq on December 31, 2024). Each Warrant will have an exercise price per share of $2.18 (based on the assumed public offering price for the Ordinary Shares and Warrants), will be immediately exercisable beginning on the original issuance date, or the Issuance Date, and will expire on the five-year anniversary of the Issuance Date. See “Description of Securities We Are Offering” for more information related to the Warrants.

We are also offering those purchasers whose purchase of Ordinary Shares in this offering would otherwise result in the purchaser, together with its affiliates and certain related parties, beneficially owning more than 4.99% (or, at the election of such purchaser, 9.99%) of our outstanding Ordinary Shares immediately following the consummation of this offering, Pre-Funded warrants, or Pre-Funded Warrants, in lieu of Ordinary Shares. Each Pre-Funded Warrant will be immediately exercisable for one Ordinary Share and may be exercised at any time until all of the Pre-Funded Warrants are exercised in full. The purchase price of each Pre-Funded Warrant will equal the price per share at which the Ordinary Shares are being sold to the public in this offering, minus $0.0001, and the exercise price of each Pre-Funded Warrant will be $0.0001 per share. For each Pre-Funded Warrant we sell, the number of Ordinary Shares we are offering will be decreased on a one-for-one basis. This offering also relates to the Ordinary Shares issuable upon exercise of the Warrants and any Pre-Funded Warrants sold in this offering.

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