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Wearable Devices Ltd. Announces a Warrant Inducement Transaction for $2.4 Million in Gross Proceeds
Globenewswire· 2025-08-06 19:43
Core Viewpoint - Wearable Devices Ltd. has entered into a warrant inducement agreement with an institutional investor for the immediate exercise of existing warrants, raising approximately $2.4 million for working capital and corporate purposes [1][2]. Group 1: Warrant Inducement Agreement - The company will allow the immediate exercise of existing warrants to purchase up to 1,661,000 ordinary shares at an exercise price of $1.45 per share, resulting in gross cash proceeds of about $2.4 million [1]. - In exchange for the immediate exercise, the investor will receive new unregistered warrants to purchase up to 3,322,000 ordinary shares at an exercise price of $1.71 per share, which will be exercisable after shareholder approval [2]. Group 2: Securities Regulation - The private placement of the new warrants will rely on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933 and Regulation D, meaning the securities cannot be offered or sold in the U.S. without an effective registration statement or applicable exemption [3]. Group 3: Company Overview - Wearable Devices Ltd. is a growth company specializing in AI-powered neural input technology, with products like the Mudra Band and Mudra Link enabling touch-free control of digital devices through gestures [5][6]. - The company operates through a dual-channel model, focusing on direct-to-consumer sales and enterprise collaborations, enhancing user experiences in gaming, productivity, and extended reality [6][7].
Wearable Devices Partners with Japanese E-Commerce Platform to Expand Distribution and Market Reach for Mudra Band and Mudra Link
Globenewswire· 2025-07-08 12:30
Core Viewpoint - Wearable Devices Ltd. has announced a collaboration with Media Exceed Co., Ltd. to expand the availability of its AI-powered touchless sensing wearables in the Japanese market, specifically the Mudra Band and Mudra Link products [1][2][3] Group 1: Collaboration Details - Media Exceed will act as a non-exclusive reseller for Wearable Devices' products, utilizing its e-commerce platform to enhance product availability in Japan [1][2] - The collaboration will support both drop shipping and wholesale models, ensuring efficient order fulfillment and localized customer support [2][4] Group 2: Product Information - The Mudra Band is designed for Apple Watch users, while the Mudra Link is compatible with Android and Windows devices, both utilizing proprietary Surface Nerve Conductance sensors to detect neural signals from finger movements [3][5] - These products enable touchless control of digital devices through intuitive commands derived from subtle gestures [3][5] Group 3: Strategic Goals - The collaboration aligns with the strategic goal of Wearable Devices to expand its global footprint and enhance product accessibility for users worldwide [3][6] - Media Exceed's CEO expressed enthusiasm for introducing Wearable Devices' innovative technology to the Japanese market, aligning with their vision of enhancing digital interactions [3][4] Group 4: Market Positioning - Wearable Devices is positioned as a pioneer in human-computer interaction through its AI-powered neural input technology, defining the neural input category for both wrist-worn devices and brain-computer interfaces [5][6] - The company operates through a dual-channel model, focusing on direct-to-consumer sales and enterprise collaborations, catering to both individual consumers and business partners [6][7]
Wearable Devices .(WLDS) - Prospectus(update)
2024-05-09 23:51
As filed with the Securities and Exchange Commission on May 9, 2024 Registration No. 333-278358 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 AMENDMENT NO. 2 TO Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 WEARABLE DEVICES LTD. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) State of Israel 3873 Not Applicable (I.R.S. Employer Identificati ...
Wearable Devices .(WLDS) - Prospectus
2024-03-29 00:02
As filed with the Securities and Exchange Commission on March 28, 2024 Registration No. 333 - UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 WEARABLE DEVICES LTD. (Exact name of registrant as specified in its charter) State of Israel 3873 Not Applicable (State or other jurisdiction of incorporation or organization) Yokne'am Illit, 2066736 Israel 24A Trolley Square #2203 (Primary Standard Industrial Classification Code Nu ...