SCHEDULE 13G: Armistice Capital and Steven Boyd Disclose 9.99% Stake in Wearable Devices Ltd.
Beneficial Ownership Report
Armistice Capital, LLC and Steven Boyd have jointly disclosed a beneficial ownership of 9.99% of Wearable Devices Ltd.'s Ordinary Shares, held in the ordinary course of business.
Summary
- Armistice Capital, LLC and Steven Boyd (collectively, the "Reporting Persons") have filed a Schedule 13G with the SEC.
- The Reporting Persons beneficially own 366,354 Ordinary Shares of Wearable Devices Ltd., which represents 9.99% of the class of securities.
- Armistice Capital, LLC, a Delaware entity, serves as the investment manager for Armistice Capital Master Fund Ltd., the direct holder of the shares.
- Steven Boyd, a U.S. citizen, is the managing member of Armistice Capital, LLC.
- Both Armistice Capital, LLC and Steven Boyd hold shared voting power and shared dispositive power over the 366,354 shares.
- The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Wearable Devices Ltd.
Sentiment
Score: 6
Explanation: The filing is a standard disclosure of beneficial ownership by an institutional investor. The acquisition of a 9.99% stake by a reputable investment firm can be interpreted as a vote of confidence in Wearable Devices Ltd., though the filing itself is purely factual and states the shares were acquired in the ordinary course of business, not for control.
Positives
- A significant institutional investor, Armistice Capital, LLC, and its managing member, Steven Boyd, have taken a substantial 9.99% stake in Wearable Devices Ltd., which could be interpreted as a vote of confidence in the company's prospects.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The disclosure of a significant 9.99% stake by Armistice Capital, LLC and Steven Boyd introduces a new major institutional investor, which could be viewed positively as a sign of confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which required the filing of this statement (beneficial ownership threshold met). |
| 02/14/2025 | Date of filing of the Schedule 13G statement with the SEC. |
Keywords
Wearable Devices Ltd., Armistice Capital, Steven Boyd, Schedule 13G, beneficial ownership, ordinary shares, institutional investment, SEC filing
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.