Wearable Devices Ltd. Announces a Warrant Inducement Transaction for $2.4 Million in Gross Proceeds

Warrant Inducement Agreement: Wearable Devices Ltd. has entered into a warrant inducement agreement with an institutional investor for the immediate exercise of existing warrants to purchase 1,661,000 ordinary shares at $1.45 each, generating approximately $2.4 million in gross cash proceeds for working capital and corporate purposes.

New Warrants Issuance: In exchange for the immediate exercise of existing warrants, the investor will receive new unregistered warrants to purchase up to 3,322,000 ordinary shares at an exercise price of $1.71, which will be exercisable upon shareholder approval and expire five years after that date.