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News  ›  GlobeNewswire Inc.

Wearable Devices Ltd. Announces a Warrant Inducement Transaction for $5.68 Million in Gross Proceeds

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Wearable Devices Ltd.
Wearable Devices Ltd. Announces a Warrant Inducement Transaction for $5.68 Million in Gross Proceeds

Wearable Devices announced a warrant inducement agreement with an existing institutional investor to exercise warrants for approximately $5.68 million, with plans to issue new unregistered warrants in a private placement.

Insights
WLDS   neutral

The company is executing a standard financial transaction to raise capital, with no overtly positive or negative implications beyond standard corporate financing activities