Wearable Devices Ltd. Prices $4 Million Registered 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, priced at-the-market under Nasdaq rules. This strategic move is expected to generate gross proceeds of approximately $4 million before deducting placement agent commissions and expenses, providing substantial capital for technological advancement and market expansion.

In a concurrent private placement, the company will issue unregistered warrants to purchase up to 670,000 ordinary shares at the same $6.00 per share price point. These warrants are exercisable immediately and will remain valid for five years from issuance, offering investors additional flexibility and potential for future participation in the company's growth. The closing of this offering is anticipated on or about September 15, 2025, subject to customary closing conditions that are standard in such financial transactions.

The capital infusion comes at a critical time for Wearable Devices Ltd., which is developing AI-based neural input interface technology for both business-to-consumer (B2C) and business-to-business (B2B) markets. The company's flagship product, the Mudra Band for Apple Watch, represents a significant innovation in wearable technology. This functional and stylish wristband integrates proprietary AI-based technology and algorithms that utilize specialized sensors to detect subtle finger and wrist movements, enabling users to interact with connected devices without physical contact.

For the B2B market, the company offers a licensing-based product that utilizes the same core technology as the Mudra Band, providing businesses with access to advanced touchless interaction capabilities. The company's commitment to creating disruptive, industry-leading technology that leverages artificial intelligence, proprietary algorithms, software, and hardware positions it at the forefront of the Extended Reality landscape, one of the fastest-growing sectors in the technology industry. Additional information about the company's developments can be found at https://ibn.fm/WLDS.

The implications of this $4 million capital raise extend beyond the immediate financial boost for Wearable Devices Ltd. For investors, the offering represents confidence in the company's technology and market potential, particularly as touchless interfaces become increasingly important in various industries. The technology sector stands to benefit from advancements in AI-powered wearables, which could revolutionize how humans interact with digital devices and environments. This development also signals growing institutional interest in companies working at the intersection of artificial intelligence and wearable technology, potentially attracting more investment to this innovative field.

For consumers and businesses, the successful funding round means accelerated development and potential wider availability of touchless interaction technology. As remote work and digital interaction continue to evolve, technologies that enable seamless, hygienic, and intuitive device control could become essential components of daily life and business operations. The progress made by companies like Wearable Devices Ltd. contributes to the broader advancement of human-computer interaction, potentially setting new standards for how we engage with technology in both personal and professional contexts.