Wearable Devices Ltd. Announces 1-for-3 Reverse Stock Split

Core Viewpoint - Wearable Devices Ltd. is implementing a one-for-three reverse share split to comply with Nasdaq's minimum bid price requirement of $1.00, ensuring continued listing on the Nasdaq Capital Market [2][3]. Group 1: Reverse Share Split Details - The reverse share split will adjust the number of issued and outstanding Ordinary Shares from 10,593,227 to approximately 3,531,076 and the number of publicly held Warrants from 98,589 to approximately 32,863 [4]. - The reverse share split was approved by shareholders on February 19, 2026, and will take effect on March 11, 2026 [3][2]. - No fractional Ordinary Shares or Warrants will be issued; fractional shares will be rounded to the nearest whole share [4]. Group 2: Compliance and Regulatory Context - The primary aim of the reverse share split is to proactively meet Nasdaq's compliance requirements, avoiding immediate delisting proceedings [2]. - Companies that have conducted a reverse split within the prior two years face stricter compliance rules, making this action critical for maintaining listing status [2]. Group 3: Company Overview - Wearable Devices Ltd. specializes in AI-powered touchless sensing wearables, with products like the Mudra Band and Mudra Link, which enable intuitive control of digital devices [6]. - The company operates through a dual-channel model, focusing on direct-to-consumer sales and enterprise licensing, enhancing user experiences in gaming, productivity, and XR [7]. - The newly launched ai6 Labs ecosystem aims to integrate research, products, and AI breakthroughs, positioning the company as a leader in the neural input category [8].