Wearable Devices announced that it intends to offer its securities in a firm commitment underwritten public offering. The company intends to use the net proceeds from this offering for working capital. In addition, the company expects to grant Aegis Capital Corp. a 45-day option to purchase additional ordinary shares of up to 15% of the number of ordinary shares sold in the offering solely to cover over-allotments, if any. Aegis Capital Corp. is acting as the sole book-running manager for the offering.
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