{"id":762951,"date":"2023-06-12T08:04:36","date_gmt":"2023-06-12T12:04:36","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/wearable-devices-regains-compliance-with-nasdaq-minimum-bid-price-rule\/"},"modified":"2023-06-12T08:04:36","modified_gmt":"2023-06-12T12:04:36","slug":"wearable-devices-regains-compliance-with-nasdaq-minimum-bid-price-rule","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/wearable-devices-regains-compliance-with-nasdaq-minimum-bid-price-rule\/","title":{"rendered":"Wearable Devices Regains Compliance with Nasdaq Minimum Bid Price Rule"},"content":{"rendered":"
\n

YOKNEAM ILLIT, ISRAEL, June 12, 2023 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) (\u201cWearable Devices\u201d or the \u201cCompany\u201d) today announced that it has received a written notice (the \u201cNotice\u201d) from Nasdaq Stock Market LLC, indicating that the Company has regained compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share.<\/p>\n

The Nasdaq staff made this determination of compliance after the closing bid price of the Company\u2019s ordinary shares was at $1.00 per share or greater for the last 10 consecutive business days. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and Nasdaq considers the prior bid price deficiency matter now closed.<\/p>\n

\n About\u00a0Wearable Devices\u00a0Ltd.<\/strong>\n <\/p>\n

Wearable Devices Ltd. is a growth company developing AI-based neural input interface technology for the B2C and B2B markets. The Company\u2019s flagship product, the Mudra Band for Apple Watch, integrates innovative AI-based technology and algorithms into a functional, stylish wristband that utilizes proprietary sensors to identify subtle finger and wrist movements allowing the user to \u201ctouchlessly\u201d interact with connected devices. The Company also markets a B2B product, the Mudra Inspire, which utilizes the same technology and functions as the Mudra Band and is available to businesses on a licensing basis. Wearable Devices is committed to creating disruptive, industry leading technology that leverages artificial intelligence, or AI, and proprietary algorithms, software, and hardware to set the input standard for the extended reality, one of the most rapidly expanding landscapes in the tech industry. The Company\u2019s ordinary shares and warrants trade on the Nasdaq Capital Market under the symbols \u201cWLDS\u201d and \u2018WLDSW,\u201d respectively. For more information, please visit\u00a0https:\/\/www.wearabledevices.co.il\/<\/a>.<\/p>\n

\n Investor Relations Contact<\/strong>\n <\/p>\n

John Nesbett\/Jennifer Belodeau
IMS Investor Relations
203.972.9200
wearablesdevices@imsinvestorrelations.com<\/a><\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

YOKNEAM ILLIT, ISRAEL, June 12, 2023 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) (\u201cWearable Devices\u201d or the \u201cCompany\u201d) today announced that it has received a written notice (the \u201cNotice\u201d) from Nasdaq Stock Market LLC, indicating that the Company has regained compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share. The Nasdaq staff made this determination of compliance after the closing bid price of the Company\u2019s ordinary shares was at $1.00 per share or greater for the last 10 consecutive business days. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and Nasdaq considers the … <\/p>\n

Continue reading “Wearable Devices Regains Compliance with Nasdaq Minimum Bid Price Rule”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-762951","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nWearable Devices Regains Compliance with Nasdaq Minimum Bid Price Rule - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wearable-devices-regains-compliance-with-nasdaq-minimum-bid-price-rule\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wearable Devices Regains Compliance with Nasdaq Minimum Bid Price Rule - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"YOKNEAM ILLIT, ISRAEL, June 12, 2023 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) (\u201cWearable Devices\u201d or the \u201cCompany\u201d) today announced that it has received a written notice (the \u201cNotice\u201d) from Nasdaq Stock Market LLC, indicating that the Company has regained compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share. The Nasdaq staff made this determination of compliance after the closing bid price of the Company\u2019s ordinary shares was at $1.00 per share or greater for the last 10 consecutive business days. 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