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.