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Wearable Devices Stock Explodes As Financing Round And Gesture Control Patent Fuel Hype

Wearable Devices Ltd. (NASDAQ:WLDS) stock surged Thursday after the company disclosed a 4millionfinancingagreement,unveiledanewlygrantedU.S.patent,andreportedimprovedfirsthalfresults.TheIsraelbasedfirmsaiditenteredintoadirectofferingwithasingleinstitutionalinvestorfor1millionordinarysharespricedat4 million financing agreement, unveiled a newly granted U.S. patent, and reported improved first-half results. The Israel-based firm said it entered into a direct offering with a single institutional investor for 1 million ordinary shares priced at 4 each. The company said proceeds from the deal will be used for working capital and corporate needs. It also issued unregistered warrants for another 1 million shares, ca ...