Wearable Devices (NASDAQ: WLDS), an AI-based wearable gesture-control technology pioneer, said it entered a warrant inducement agreement with an existing institutional investor for the immediate cash exercise of warrants to purchase 3,322,000 ordinary shares at $1.71 per share, generating approximately $5.68 million in gross proceeds. A.G.P./Alliance Global Partners is serving as exclusive financial advisor. In exchange for the full cash exercise, the Company will issue new unregistered warrants to purchase up to 5,813,500 ordinary shares at $1.86 per share, exercisable upon shareholder approval and expiring five years thereafter. Closing is expected on or about Dec. 1, 2025, subject to customary conditions.
To view the full press release, visit https://ibn.fm/cHs0Y
About Wearable Devices
Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) 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 both for wrist-worn devices and for brain-computer interfaces. These products enable touch-free, intuitive control of digital devices using gestures across multiple operating systems.
Operating through a dual-channel model of direct-to-consumer sales and enterprise licensing and collaborations, Wearable Devices empowers consumers with stylish, functional wearables for enhanced experiences in gaming, productivity, and XR. In the business sector, the Company 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. Wearable Devices’ ordinary shares and warrants trade on the Nasdaq Capital Market under the symbols “WLDS” and “WLDSW,” respectively.
NOTE TO INVESTORS: The latest news and updates relating to WLDS are available in the company’s newsroom at https://ibn.fm/WLDS
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