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

Wearable Devices Ltd. has entered into a securities purchase agreement with a single institutional investor for the sale of 1,000,000 ordinary shares at $4.00 per share in a registered direct offering. The offering, priced at-the-market under Nasdaq rules, is expected to generate gross proceeds of $4 million before expenses, providing significant capital infusion for the company's growth initiatives in the AI-powered wearable technology sector.

In a concurrent private placement, the company will issue unregistered warrants to purchase up to 1,000,000 ordinary shares at the same $4.00 per share price. These warrants are exercisable immediately and will expire five years from issuance, offering additional potential funding for the company's expansion plans. The closing of both transactions is anticipated on or about September 12, 2025, marking a strategic financial move for the technology growth company.

The funding comes at a critical time for Wearable Devices Ltd., which specializes in developing AI-based neural input interface technology for both business-to-consumer and business-to-business markets. The company's flagship product, the Mudra Band for Apple Watch, represents a significant innovation in wearable technology by integrating advanced AI-based technology and algorithms into a functional wristband. This technology utilizes proprietary sensors to identify subtle finger and wrist movements, enabling users to interact touchlessly with connected devices.

The capital raised through this offering will likely accelerate the company's research and development efforts in the extended reality landscape, one of the fastest-growing segments in the technology industry. For investors seeking additional information, the company maintains a newsroom available at https://ibn.fm/WLDS where updates regarding WLDS are regularly posted. The successful completion of this $4 million offering demonstrates institutional confidence in Wearable Devices Ltd.'s technology roadmap and market potential, particularly as touchless interaction becomes increasingly important in both consumer and enterprise applications.