Armistice Capital (WLDS) discloses 4.99% beneficial stake in Wearable Devices Ltd.
Rhea-AI Filing Summary
Armistice Capital, LLC and Steven Boyd report beneficial ownership of 167,513 Ordinary Shares of Wearable Devices Ltd., representing 4.99% of the class. These shares are held by Armistice Capital Master Fund Ltd., for which Armistice Capital is investment manager and exercises voting and investment power under an Investment Management Agreement.
Armistice Capital and Steven Boyd may be deemed to share voting and dispositive power over all 167,513 shares, while the Master Fund has the right to receive dividends and sale proceeds. The filing confirms ownership of 5 percent or less of the issuer’s outstanding Ordinary Shares.
Positive
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Negative
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Key Figures
Beneficially owned shares: 167,513 shares
Percent of class: 4.99%
Shared voting power: 167,513 shares
+1 more
4 metrics
Beneficially owned shares
167,513 shares
Ordinary Shares of Wearable Devices Ltd. reported as beneficially owned
Percent of class
4.99%
Percentage of Wearable Devices Ltd. Ordinary Shares beneficially owned
Shared voting power
167,513 shares
Shares over which Armistice Capital and Steven Boyd share voting power
Shared dispositive power
167,513 shares
Shares over which Armistice Capital and Steven Boyd share dispositive power
Key Terms
beneficially own, Investment Management Agreement, exempted company, joint filing statement
4 terms
beneficially own financial
"may be deemed to beneficially own the securities of the Issuer held"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Investment Management Agreement financial
"pursuant to an Investment Management Agreement, Armistice Capital exercises voting"
An investment management agreement is a written contract that hires a professional to make buying, selling and strategy decisions for an investment account or fund, and sets out their duties, fees, risk limits, performance measures and reporting requirements. It matters to investors because the agreement determines who controls the money, how much the service costs, what risks are allowed, and how success or failure is measured—think of it as the service contract that defines expectations and remedies for a hired portfolio manager.
exempted company financial
"The Master Fund, a Cayman Islands exempted company that is an investment advisory client"
joint filing statement regulatory
"JOINT FILING STATEMENT PURSUANT TO RULE 13d-1(k)"
FAQ
What role does Steven Boyd have in the Wearable Devices Ltd. (WLDS) holding?
Steven Boyd, as Managing Member of Armistice Capital, may be deemed to beneficially own the 167,513 Wearable Devices Ltd. shares held by the Master Fund. He shares voting and dispositive power through his control of Armistice Capital.
AI-generated analysis. How Rhea-AI works. Not financial advice.