Wearable Devices Ltd. Raises $345K in Share Offering

TL;DR

Wearable Devices Ltd. sold 345K shares at $1.00 each, netting $345K.

AI Summary

On January 28, 2025, Wearable Devices Ltd. entered into a Securities Purchase Agreement with an institutional investor to sell 345,000 ordinary shares at $1.00 per share, raising $345,000 before offering expenses. The agreement also includes pre-funded warrants.

Why It Matters

This capital raise provides Wearable Devices Ltd. with funds to continue its operations and potentially invest in new product development or market expansion.

Risk Assessment

Risk Level: medium — The company is conducting a private placement with a single investor, which may indicate a need for capital and potential dilution for existing shareholders.

Key Numbers

• $345,000 — Gross Proceeds (Total amount raised from the sale of 345,000 shares at $1.00 each.)
• 345,000 — Ordinary Shares (Number of shares sold in the offering.)

Key Players & Entities

• Wearable Devices Ltd. (company) — Filer of the report and seller of shares
• January 28, 2025 (date) — Date of the Securities Purchase Agreement
• Securities Purchase Agreement (document) — Agreement for the share offering
• 345,000 (dollar_amount) — Number of ordinary shares sold
• $1.00 (dollar_amount) — Price per ordinary share

FAQ

Key Financial Figures

• $1.00 — Shares”), at an offering price of $1.00 per share; (ii) pre-funded warrants to
• $0.9999 — arrants”) at an offering price of $0.9999 per Pre-Funded Warrant; and (iii) warra
• $2,500,000, b — gregate gross proceeds of approximately $2,500,000, before deducting placement agent fees and
• $0.0001 — Ordinary Share at an exercise price of $0.0001 per share. The Pre-Funded Warrants are
• $50,000 — the offering in an amount not to exceed $50,000. 1 The Ordinary Shares, the Pre-Funde
• $2.50 Million — rable Devices Ltd. Announces Pricing of $2.50 Million Public Offering” is furnished as
• $2.5 Million — rable Devices Ltd. Announces Pricing of $2.5 Million Public Offering”. 3 SIGNATURES

Filing Documents

• ea0229114-6k_wearable.htm (6-K) — 25KB
• ea022911401ex4-1_wearable.htm (EX-4.1) — 91KB
• ea022911401ex4-2_wearable.htm (EX-4.2) — 84KB
• ea022911401ex4-3_wearable.htm (EX-4.3) — 12KB
• ea022911401ex10-1_wearable.htm (EX-10.1) — 230KB
• ea022911401ex10-2_wearable.htm (EX-10.2) — 55KB
• ea022911401ex99-1_wearable.htm (EX-99.1) — 11KB
• 0001213900-25-008068.txt ( ) — 510KB

Forward-Looking Statements

Forward-Looking Statements : This Form 6-K contains forward-looking other Federal securities laws. For example, the Company is using forward-looking statements when it discusses the closing of the offering. All statements other than statements of historical facts included in this Form 6-K are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. For example, we are using forward-looking statements when we discuss the expected closing date of the Offering, the use of proceeds, and the satisfaction of customary closing conditions. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include among others, the following: the trading of our ordinary shares or warrants and the development of a liquid trading market; our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and te

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Wearable Devices Ltd. Date: January 30, 2025 By: /s/ Asher Dahan Asher Dahan Chief Executive Officer 4

View Full Filing

View this 6-K filing on SEC EDGAR