09:06 AM EDT, 09/12/2025 (MT Newswires) -- Wearable Devices ( WLDS ) said Friday that it has entered into a securities purchase agreement with a single institutional investor for the purchase and sale of 670,000 shares at $6 per share in a registered direct offering priced at-the-market under Nasdaq rules.

Gross proceeds from the offering are expected to be around $4 million, the company said.

The company said that, in a concurrent private placement, it will issue and sell unregistered warrants to purchase up to 670,000 ordinary shares with an exercise price of $6 per share.

The offering is expected to be completed by Monday.

The company said the net proceeds from the offering will be used for working capital and general corporate purposes.

Shares of the company were up nearly 11% in recent Friday premarket activity.