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Wearable Devices Ltd. Announces a Warrant Inducement Transaction for $5.68 Million in Gross Proceeds
Globenewswire· 2025-11-28 13:00
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 $5.68 million for working capital and corporate purposes [1][3]. Group 1: Warrant Inducement Agreement - The company will allow the immediate exercise of existing warrants to purchase up to 3,322,000 ordinary shares at an exercise price of $1.71 per share [1]. - In exchange for the immediate exercise, the company will issue new unregistered warrants to the investor to purchase up to 5,813,500 ordinary shares at an exercise price of $1.86 per share [3]. - The closing of this transaction is expected around December 1, 2025, pending customary closing conditions [3]. Group 2: Financial Advisor and Regulatory Compliance - A.G.P./Alliance Global Partners is acting as the exclusive financial advisor for this warrant inducement transaction [2]. - 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 [4]. Group 3: Company Overview - Wearable Devices Ltd. is a pioneer in AI-powered wearable gesture control technology, focusing on human-computer interaction through its products like the Mudra Band and Mudra Link [6][8]. - The company operates a dual-channel model, offering direct-to-consumer sales and enterprise licensing, enhancing user experiences in gaming, productivity, and extended reality [7].
Wearable Devices Expands into Asia’s Tech Powerhouse: Secures Exclusive Distribution Agreement in South Korea
Globenewswire· 2025-11-07 14:00
Core Insights - Wearable Devices Ltd. has entered into an exclusive distribution agreement with Sky Commerce Co., Ltd. to distribute its Mudra Band and Mudra Link neural input wristbands in South Korea, a significant market for wearable technology [1][4] - The partnership aims to leverage local expertise to enhance the adoption of the company's AI-powered touchless sensing wearables among consumers and enterprises [3][4] - This agreement is part of the company's broader strategy to expand its global footprint, following a similar agreement in Japan, and is expected to drive new revenue streams in Asia [4][5] Company Overview - Wearable Devices Ltd. specializes in AI-powered neural input technology, offering products that enable touch-free control of digital devices through gestures [5][6] - The company operates through a dual-channel model, focusing on both direct-to-consumer sales and enterprise collaborations, enhancing user experiences in various sectors including gaming and XR [6][7] - The Mudra Band and Mudra Link are positioned to set the standard for neural input in the XR ecosystem, contributing to the evolution of user experiences in rapidly growing tech markets [7]
Wearable Devices Announces Pricing of $3.3 Million Registered Direct Offering and Concurrent Private Placement Priced At-the-Market Under Nasdaq Rules
Globenewswire· 2025-10-30 12:52
Core Viewpoint - Wearable Devices Ltd. has entered into a securities purchase agreement for the sale of 1,230,000 ordinary shares at a price of $2.67 per share, expecting gross proceeds of approximately $3.3 million, which will be used for working capital and general corporate purposes [1][2]. Group 1: Offering Details - The offering is a registered direct offering priced at-the-market under Nasdaq rules, with the closing expected on or about October 31, 2025, subject to customary closing conditions [2]. - The company will also issue unregistered warrants to purchase up to 1,230,000 ordinary shares in a concurrent private placement, with an exercise price of $2.67 per share [1][4]. - Existing warrants issued to the investor in September 2025 will be amended to reduce the exercise price to $2.67 per share, subject to shareholder approval [5]. Group 2: Regulatory Compliance - The ordinary shares are being offered pursuant to a registration statement on Form F-3, which was declared effective by the SEC on October 18, 2023 [3]. - The private placement of the warrants and shares will be made in reliance on an exemption from registration under the Securities Act of 1933 [4]. Group 3: Company Overview - Wearable Devices Ltd. specializes in AI-powered touchless sensing wearables, with products like the Mudra Band and Mudra Link that enable intuitive control of digital devices using gestures [7][8]. - The company operates through a dual-channel model of direct-to-consumer sales and enterprise licensing, providing advanced input solutions for immersive environments [8][9].
Wearable Devices Secures Exclusive Distribution Agreement in South Korea for Its Neural Input Wristbands
Globenewswire· 2025-10-27 13:00
Core Insights - Wearable Devices Ltd. has entered into an exclusive distribution agreement with Sky Commerce Co., Ltd. to expand its presence in the South Korean market [1][4] - The agreement allows Sky Commerce to promote and sell the Mudra Band and Mudra Link products, contingent on meeting annual purchase targets [2] - This partnership aims to leverage local expertise to enhance the adoption of Wearable Devices' neural interface technology among consumers and enterprises [3] Company Overview - Wearable Devices specializes in AI-powered touchless sensing wearables, particularly the Mudra Band and Mudra Link, which enable intuitive control of digital devices through gestures [5][6] - The company operates a dual-channel model, focusing on both direct-to-consumer sales and enterprise collaborations, enhancing user experiences in various sectors including gaming and XR [6] - Wearable Devices is positioned to set the standard for neural input technology in the XR ecosystem, contributing to the growth of seamless user experiences in rapidly expanding tech markets [7]
Wearable Devices Ltd. (NASDAQ: WLDS) Positioned at Forefront of Wearable Sector Transformation
Globenewswire· 2025-09-16 12:30
Company Overview - Wearable Devices Ltd. is a growth company specializing in AI-powered, touchless sensing wearables, focusing on human-computer interaction through proprietary sensors, software, and advanced AI algorithms [4][5] - The company has introduced two flagship products: the Mudra Band, designed for the Apple Watch, and the Mudra Link, a versatile platform for gesture-based input across ecosystems [3][4] Industry Trends - There is a growing global demand for AI-driven, touchless wearable technologies as consumers seek more natural and intuitive ways to interact with devices, moving away from traditional touch screens and voice assistants [2] - The market for neural interfaces is rapidly expanding as various industries, including consumer electronics and augmented reality, adopt gesture-based control solutions [2] Product and Market Positioning - Wearable Devices Ltd. is positioned at the forefront of the transformation in wearable technology, defining the neural input category for wrist-worn devices and brain-computer interfaces [4] - The company operates through a dual-channel model, offering direct-to-consumer sales and enterprise licensing, enhancing user experiences in gaming, productivity, and extended reality (XR) [5]
Wearable Devices Collaborates with Leading Japanese E-Commerce Platform to Expand Mudra Wearable Devices in Tech-Savvy Market
GlobeNewswire News Room· 2025-08-20 13:00
Core Insights - Wearable Devices Ltd. has announced a collaboration with Media Exceed Co., Ltd. to enhance the availability of its Mudra wearable devices in Japan, leveraging Media Exceed's e-commerce platform [1][2][3] Group 1: Collaboration Details - Media Exceed will act as a non-exclusive reseller for the Mudra Band and Mudra Link, which utilize neural sensors for touchless control of digital devices [1][2] - The collaboration supports both drop shipping and wholesale models, ensuring efficient order fulfillment and localized customer support for Japanese consumers [2][4] Group 2: Product Features - The Mudra Band is designed for Apple Watch users, while the Mudra Link is compatible with Android and Windows devices, both using proprietary Surface Nerve Conductance sensors to detect neural signals from finger movements [3][5] - The Mudra Link received an Innovation Award in the XR Technologies and Accessories category at CES® 2025, highlighting its advanced technology [3] Group 3: Market Strategy - The collaboration aims to accelerate global growth for Wearable Devices by tapping into Japan's tech-savvy consumer base, aligning with the company's mission to revolutionize human-computer interaction [3][6] - Wearable Devices operates through a dual-channel model, focusing on direct-to-consumer sales and enterprise licensing, enhancing user experiences in various sectors including gaming and extended reality [6][7]
NetworkNewsAudio Announces Audio Press Release (APR) on Expanding Neural Tech Leadership in Booming AI Wearables Market
GlobeNewswire News Room· 2025-08-07 12:30
Core Insights - Wearable Devices Ltd. is positioned as a leading innovator in the AI-powered wearables market, which is expected to grow from $21.2 billion in 2022 to over $260 billion by 2032, driven by its proprietary neural input technology [1][2] - The company's flagship products, the Mudra Link wristband and LMM platform, facilitate intuitive, touchless control of digital devices, enhancing user interaction with AR/VR headsets, smart devices, and healthcare applications [1][3] - Recent advancements include new U.S. patents for voice and gesture-controlled interfaces and a strategic partnership with Media Exceed to expand into the Japanese market [1][2] Company Strategy - Wearable Devices is aligning its strategy to cater to both consumer and enterprise demands, with a phased product rollout and international distribution plan [2][4] - The company's neural tech platform integrates gesture-based control, ambient computing, and predictive health tracking, providing a competitive edge in the market [2][4] - Operating through a dual-channel model of direct-to-consumer sales and enterprise licensing, the company aims to enhance user experiences in gaming, productivity, and extended reality (XR) [4] Product Offerings - The Mudra Band and Mudra Link are defining the neural input category for wrist-worn devices and brain-computer interfaces, enabling touch-free control across multiple operating systems [3][4] - The company is setting the standard for neural input in the XR ecosystem, shaping the future of user experiences in rapidly growing tech markets [4]
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]