Wearable Devices Ltd. announced that it has entered into a standby equity purchase agreement to issue ordinary shares of the company for the gross proceeds of $10,000,000 on June 6, 2024. The transaction will include participation from new investor, YA II PN, Ltd., a fund managed by, Yorkville Advisors Global LP. As a part of the transaction, the company will pay investor a commitment fee, or the commitment fee, equal to 1% of the commitment amount, payable in two tranches in the Company?s ordinary shares, and also agreed to pay to YA a structuring fee in the amount of $10,000.
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06-25 | Wearable Devices Shows Positive Results on Lenovo's Xr Headset Using Its Mudra Technology | CI |
06-17 | Wearable Devices Ltd. Devices to Unveil Its Xr Integration with Qualcomm At Awe 2024 | CI |
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- Wearable Devices Ltd. announced that it expects to receive $10 million in funding from Yorkville Advisors Global LP