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 before expenses. The company agreed to sell 1 million ordinary shares, or ordinary share 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 carry an exercise price of $3.16 per share, are exercisable immediately and expire five years after issuance. The offering is expected to close on or about Aug. 3, 2026.
The proceeds are earmarked for 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 as the company seeks to strengthen its position in the neural input technology market, which is poised for significant growth as augmented reality, virtual reality, and extended reality (XR) ecosystems expand.
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 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.
The newly launched ai6 Labs ecosystem accelerates this vision by integrating research, products, and AI breakthroughs. This private placement is a critical step for the company to fund its ambitious plans, particularly in the realm of Physical AI and robotics, which could have far-reaching implications for how humans interact with machines. As the demand for more intuitive and natural interfaces grows, Wearable Devices is positioning itself to be at the forefront of this technological shift.
Investors and industry observers will be watching closely to see how the company utilizes these funds to advance its products and expand its market presence. The completion of the offering will provide the company with additional financial resources to execute its strategy and potentially pursue strategic opportunities that could reshape the landscape of human-computer interaction.
For more information on the full press release, visit https://ibn.fm/3MFzZ. The latest news and updates relating to WLDS are available in the company’s newsroom at https://ibn.fm/WLDS.
