Wearable Devices Ltd. Announces Closing of $2.5 Million Public Offering
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Wearable Devices Ltd. has closed a $2.5 million public offering, selling shares and warrants to a single institutional investor. The offering includes 345,000 ordinary shares and 2,155,000 pre-funded warrants, with warrants exercisable at $1.00 per share.
January 30, 2025 | 9:45 pm
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Wearable Devices Ltd. completed a $2.5 million public offering, which may provide the company with additional capital for growth and operations. The offering includes shares and warrants, potentially impacting stock liquidity and price.
The successful closing of the public offering provides Wearable Devices Ltd. with $2.5 million in gross proceeds, which can be used for growth and operational purposes. The issuance of shares and warrants may increase stock liquidity and attract investor interest, potentially leading to a positive short-term impact on the stock price.
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