Wearable Devices Ltd. Secures $4 Million in 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, with the offering priced at-the-market under Nasdaq rules. This capital infusion represents a critical step in advancing the company's innovative neural input interface technology.

The transaction's gross proceeds are expected to be approximately $4 million before deducting placement agent commissions and expenses. 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 point. These warrants are exercisable immediately and will expire five years from issuance, providing the investor with additional flexibility while potentially bringing more capital to the company in the future.

This funding round is particularly important given the company's focus on developing cutting-edge AI-based technology for both business-to-consumer and business-to-business markets. The capital will support the continued development and expansion of the company's flagship product, the Mudra Band for Apple Watch, which integrates innovative AI-based technology and algorithms into a functional wristband. The technology utilizes proprietary sensors to identify subtle finger and wrist movements, enabling users to interact with connected devices without physical contact.

The offering's significance extends beyond immediate financial gains, as it demonstrates institutional confidence in Wearable Devices' technology and market potential. The company's commitment to creating disruptive, industry-leading technology that leverages AI and proprietary algorithms positions it at the forefront of the Extended Reality landscape, one of the fastest-growing segments in the technology industry. Additional information about the company's developments can be found at https://ibn.fm/WLDS.

Closing of the offering is expected on or about September 15, 2025, subject to customary closing conditions. This timeline provides the company with a clear path to deploy the raised capital toward research, development, and market expansion initiatives. The successful pricing of this offering during a period of heightened interest in AI and wearable technology underscores the market's recognition of the company's potential to set new standards in neural input interfaces for emerging technology platforms.