Wearable Devices Implements Reverse Share Split to Maintain Nasdaq Listing

Wearable Devices Ltd. (NASDAQ: WLDS) will implement a one-for-three reverse split of its ordinary shares and tradable warrants, effective when trading begins on a split-adjusted basis on March 11, 2026. The company announced this action to increase its per-share trading price and regain compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market. This strategic financial maneuver follows shareholder approval at a special meeting held on February 19, 2026, demonstrating investor support for maintaining the company's Nasdaq listing status.

The reverse split will significantly reduce the number of issued and outstanding ordinary shares from 10,593,227 to approximately 3,531,076. Similarly, publicly held warrants will decrease from 98,589 to about 32,863. Trading will continue under the existing ticker symbols "WLDS" for ordinary shares and "WLDSW" for warrants. The company expects this action to maintain proportional ownership among shareholders, though rounding adjustments will be made for fractional shares resulting from the consolidation.

This compliance-focused move comes as Wearable Devices continues developing its artificial intelligence-powered touchless sensing wearables. The company specializes in human-computer interaction technology through products like the Mudra Band and Mudra Link, which enable touch-free, intuitive control of digital devices using gestures across multiple operating systems. These consumer products represent the company's entry into the neural input category for both wrist-worn devices and brain-computer interfaces.

Wearable Devices operates through a dual-channel business model combining direct-to-consumer sales with enterprise licensing and collaborations. The company provides advanced input solutions for immersive and interactive environments, including augmented reality, virtual reality, and extended reality applications. Through its newly launched ai6 Labs ecosystem, the company integrates research, products, and AI breakthroughs to accelerate development in these growing technology markets.

The reverse split represents a critical step for Wearable Devices to maintain its position on a major stock exchange while continuing to advance its technology platform. Nasdaq listing provides the company with increased visibility, liquidity, and credibility in financial markets, which can be particularly important for technology growth companies seeking to attract investment and partnerships. The company's ordinary shares and warrants will continue trading on the Nasdaq Capital Market under their existing symbols following the split adjustment.

Maintaining Nasdaq compliance allows Wearable Devices to continue accessing public markets as it develops its AI-powered neural input technology. The company positions itself at the intersection of several fast-growing technology sectors, including wearable devices, artificial intelligence, and extended reality. By setting standards for neural input in the XR ecosystem, Wearable Devices aims to shape future user experiences across multiple digital environments while addressing the immediate financial requirement of maintaining its stock exchange listing.