Wearable Devices Ltd. Prices $4 Million Registered Direct Offering to Advance AI-Powered Touchless Technology

Wearable Devices Ltd. (NASDAQ: WLDS, WLDSW) has successfully priced a $4 million registered direct offering, marking a significant financial milestone for the technology growth company specializing in AI-powered touchless sensing wearables. The company entered into a securities purchase agreement with a single institutional investor for 670,000 ordinary shares at $6.00 per share, priced at-the-market under Nasdaq rules. This transaction represents a strategic move to strengthen the company's financial position and accelerate its technological development in the competitive wearable technology sector.

The offering's gross proceeds of approximately $4 million, before deducting placement agent commissions and expenses, will provide essential capital for Wearable Devices to advance its innovative AI-based neural input interface technology. In a concurrent private placement, the company will issue unregistered warrants to purchase up to 670,000 additional ordinary shares at the same $6.00 per share price. These warrants are exercisable immediately and will expire five years from issuance, offering potential future capital infusion while providing investors with additional opportunities for participation in the company's growth trajectory.

The timing of this funding round is particularly significant given the rapid expansion of the extended reality landscape, one of the fastest-growing segments in the technology industry. Wearable Devices' flagship product, the Mudra Band for Apple Watch, integrates proprietary AI-based technology and algorithms into a functional wristband that utilizes advanced sensors to identify subtle finger and wrist movements. This technology enables users to interact with connected devices through touchless control, positioning the company at the forefront of the neural interface revolution. The company's commitment to creating disruptive, industry-leading technology that leverages AI and proprietary algorithms, software, and hardware underscores its ambition to set the input standard for extended reality applications.

The closing of this offering, expected on or about September 15, 2025, subject to customary closing conditions, represents a vote of confidence from institutional investors in Wearable Devices' technology roadmap and market potential. This capital infusion will enable the company to accelerate research and development efforts, expand its product portfolio, and strengthen its position in both business-to-consumer and business-to-business markets. The company's dual-market approach, which includes licensing its technology to businesses through its B2B product offering, demonstrates a comprehensive strategy to capture value across multiple segments of the wearable technology ecosystem. For investors seeking additional information, the latest news and updates relating to WLDS are available in the company's newsroom at https://ibn.fm/WLDS.