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 telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2023, filed on March 15, 2024 and our other filings with the SEC.
Yokneam Illit, Israel, Nov.26, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd.(the "Company” or "Wearable Devices”) (Nasdaq: WLDS, WLDSW), an award-winning pioneer in artificial intelligence ("AI”)-based wearable gesture control technology, today announced that it has entered into a securities purchase agreement with a single institutional investor for the issuance and sale of 822,000 ordinary shares (or ordinary share equivalents) in a registered direct offering at a purchase price of $2.25 per ordinary share (the "Registered Offering”).
The ordinary shares (or ordinary share equivalents in lieu thereof) offered to the institutional investor described above are being offered pursuant to a registration statement on Form F-3 (File No.333-274841), which was declared effective by the Securities and Exchange Commission (the "SEC”) on October 18, 2023.
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