Core Viewpoint - Wearable Devices Ltd. announced a one-for-four reverse share split of its ordinary shares and tradable warrants, effective March 17, 2025, to enhance its stock price and marketability [1][2]. Group 1: Reverse Share Split Details - The reverse share split was approved by shareholders on February 26, 2025, and will adjust the number of issued and outstanding ordinary shares from approximately 3,939,911 to about 984,978, and warrants from 393,043 to 98,261 [2][3]. - The reverse share split will not change any shareholder's percentage ownership interest, except for minor adjustments related to fractional shares [3]. - No fractional ordinary shares or warrants will be issued; instead, they will be rounded to the nearest whole share or warrant [3]. Group 2: Company Overview - Wearable Devices Ltd. specializes in AI-powered touchless sensing wearables, focusing on enhancing human-computer interaction through innovative products like the Mudra Band and Mudra Link [5]. - The company operates a dual-channel business model, including direct-to-consumer sales and enterprise licensing, targeting both consumer and business markets [5]. - Wearable Devices aims to redefine user experiences in the rapidly growing AR/VR/XR sectors by leveraging proprietary sensors and advanced AI algorithms [5].
Wearable Devices Ltd. Announces 1-for-4 Reverse Stock Split