Wearable Devices Ltd. Executes Reverse Stock Split

Wearable Devices Ltd. (WLDS) has released an update.

Wearable Devices Ltd., an innovator in AI-powered touchless wearable technology, has announced a 1-for-20 reverse stock split of its ordinary shares and tradable warrants, effective from October 10, 2024. This corporate action, approved by shareholders and the board of directors, aims to consolidate shares and will proportionally adjust associated securities without changing shareholder equity percentages, barring minor exceptions for fractional shares. The company, known for its flagship Mudra Band for Apple Watch and B2B solutions, continues to trade on the Nasdaq under the tickers ‘WLDS’ and ‘WLDSW’.

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