Wearable Devices set for 1-for-3 reverse stock split on June 22

PUBT
2026.06.17 13:02
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Wearable Devices announced a 1-for-3 reverse stock split for its ordinary shares and warrants, effective June 22, 2026. The move aims to meet Nasdaq's $1 minimum bid requirement to maintain listing status. Post-split, outstanding ordinary shares are expected to decrease from approximately 6.57 million to 2.19 million, while publicly held warrants will drop from roughly 32,886 to 10,962.