StockWatch
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Computer Communications Equipment
SplitMay 18, 2026, 04:07 PM

Wearable Devices to Vote on Reverse Stock Split of up to 4:1

AI Summary

Wearable Devices Ltd. announced a Special General Meeting of Shareholders to be held on June 4, 2026, to consider and approve a potential reverse stock split. The proposed ratio for the reverse split is up to 4:1, with the effective date to be determined by the Board. The Board of Directors unanimously recommends that shareholders vote in favor of this proposal, which aims to consolidate the company's outstanding ordinary shares.

Key Highlights

  • Wearable Devices Ltd. will hold a Special General Meeting of Shareholders on June 4, 2026, at 11:00 a.m. Israel time.
  • Shareholders will vote on a proposal to approve a potential reverse stock split of up to 4:1.
  • The reverse split, if approved, would be effective at the discretion of the Board.
  • The Board unanimously recommends shareholders vote in favor of the reverse split proposal.
  • The record date for shareholders entitled to vote at the meeting is May 21, 2026.
  • A quorum for the meeting requires two or more shareholders holding at least 25% of outstanding Ordinary Shares.
  • If no quorum, the meeting will be adjourned to June 4, 2026, at 12:30 p.m. Israel time, where any number of shareholders will constitute a quorum.