Wearable Devices Ltd. (NASDAQ: WLDS) has announced a private placement with a single institutional investor, expected to generate approximately $3.3 million in gross proceeds. The company will sell 1 million ordinary shares, or equivalents, and warrants to purchase up to 1 million additional ordinary shares at a combined purchase price of $3.285 per share and accompanying warrant. The warrants have an exercise price of $3.16 per share, are exercisable immediately, and expire five years after issuance. The offering is anticipated to close on or about Aug. 3, 2026.
The proceeds are earmarked for the commercialization of Mudra products, development of next-generation technologies, advancement of AI6 Labs initiatives—including Physical AI and robotics—potential strategic transactions, and general corporate purposes. This capital infusion comes at a critical time as the company seeks to scale its operations and solidify its position in the neural input space.
Wearable Devices is a growth company pioneering human-computer interaction through its AI-powered neural input touchless technology. Leveraging proprietary sensors, software, and advanced AI algorithms, the company’s consumer products—the Mudra Band and Mudra Link—are defining the neural input category for wrist-worn devices and brain-computer interfaces. These products enable touch-free, intuitive control of digital devices using gestures across multiple operating systems.
The company operates through a dual-channel model of direct-to-consumer sales and enterprise licensing and collaborations. This strategy empowers consumers with stylish, functional wearables for enhanced experiences in gaming, productivity, and XR. In the business sector, Wearable Devices provides enterprise partners with advanced input solutions for immersive and interactive environments, from augmented reality/virtual reality/XR to smart environments.
By setting the standard for neural input in the XR ecosystem, Wearable Devices is shaping the future of seamless, natural user experiences across some of the world’s fastest-growing tech markets. The newly launched ai6 Labs ecosystem accelerates this vision by integrating research, products, and AI breakthroughs. The company’s ordinary shares and warrants trade on the Nasdaq Capital Market under the symbols “WLDS” and “WLDSW,” respectively.
This private placement signals strong investor confidence in Wearable Devices’ strategic direction and its potential to lead in the emerging field of neural interfaces. The funding will enable the company to accelerate product development and market penetration, positioning it to capitalize on the growing demand for touchless control and AI-driven interaction technologies.
For more details on the private placement, visit https://ibn.fm/3MFzZ. To stay updated on the latest news and updates relating to WLDS, visit the company’s newsroom at https://ibn.fm/WLDS.
