Wearable Devices Announces Full Year 2024 Financial Results and Provides Corporate Update
Financial Performance and Growth Strategy: Wearable Devices Ltd. reported significant revenue growth from $82,000 in 2023 to $522,000 in 2024, driven by the successful launch of its Mudra Band and Mudra Link products, alongside strategic collaborations with companies like Qualcomm and RayNeo to enhance their B2B offerings.
Technological Innovations and Market Positioning: The company focused on advancing neural interface technology for touchless interaction, launching the Mudra Developer Kit for OEMs, and receiving multiple awards for innovation, positioning itself for future growth in the expanding wearable device market.
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Wearable Devices Enters Asia's Tech Hub: Signs Exclusive Distribution Deal in South Korea
Exclusive Distribution Agreement: Wearable Devices Ltd. has partnered with Sky Commerce Co., Ltd. to distribute its Mudra Band and Mudra Link neural wristbands in South Korea, a key market for wearable technology.
Market Strategy: The agreement aims to leverage Sky Commerce's local expertise to promote and sell the products, with a focus on meeting annual purchase targets and obtaining necessary regulatory certifications.
Global Expansion Goals: This partnership is part of Wearable Devices' strategy to expand its global presence, following a similar agreement in Japan, and aims to enhance user experiences in hands-free device control.
Innovative Technology: Wearable Devices specializes in AI-powered touchless sensing wearables, positioning its products as leaders in the neural input category for both consumer and enterprise markets.
Wearable Devices and X-trodes Achieve Successful Neural Interface System for Dynamic Real-World Settings
Successful Delivery of Neural Interface System: Wearable Devices Ltd. has completed and delivered a neural interface system for advanced tactical systems in collaboration with X-trodes, enabling touchless control of communication and navigation systems through neuromuscular activity and gestures.
Innovative Technology for Extreme Environments: The system, which combines X-trodes' SmartSkin EMG patch with Wearable Devices' algorithms, addresses operational limitations by allowing simultaneous communication and system operation, and is now available for customer evaluation in extreme environments.
Pioneering Human-Computer Interaction: Wearable Devices is at the forefront of AI-powered neural input technology, offering products like the Mudra Band and Mudra Link that facilitate intuitive, touch-free control of digital devices across various platforms.
Future Development Potential: The collaboration between Wearable Devices and X-trodes sets a new standard for high-performance neural control systems, with expectations for further development phases to enhance user experiences in dynamic environments.
Wearable Devices Sets Pricing for $3.3 Million Registered Direct Offering and Concurrent Private Placement Under Nasdaq Regulations
Securities Purchase Agreement: Wearable Devices Ltd. has entered into a securities purchase agreement with an institutional investor to sell 1,230,000 ordinary shares at $2.67 per share, aiming to raise approximately $3.3 million for working capital and corporate purposes.
Warrants Issuance: In a concurrent private placement, the company will issue unregistered warrants to purchase the same number of ordinary shares, with an exercise price of $2.67, subject to shareholder approval.
Amendment of Existing Warrants: Existing warrants issued to the investor in September 2025 will be amended to reduce their exercise price to $2.67, also pending shareholder approval.
Company Overview: Wearable Devices specializes in AI-powered touchless sensing wearables, focusing on enhancing user experiences in gaming, productivity, and XR through innovative products like the Mudra Band and Mudra Link.
Wearable Devices Reveals $4M Pricing for Registered Direct Offering and Simultaneous Private Placement
Agreement Details: Wearable Devices has entered into an agreement with an institutional investor to sell 1 million ordinary shares at $4.00 each, generating approximately $4 million in gross proceeds.
Warrants and Use of Proceeds: The company will also issue unregistered warrants for the purchase of up to 1 million shares at the same price, with proceeds intended for working capital and general corporate purposes.
Wearable Devices Ltd. Announces a Warrant Inducement Transaction for $2.4 Million in Gross Proceeds
Warrant Inducement Agreement: Wearable Devices Ltd. has entered into a warrant inducement agreement with an institutional investor for the immediate exercise of existing warrants, generating approximately $2.4 million in gross cash proceeds, which will be used for working capital and corporate purposes.
Product Innovation: The company is recognized for its AI-powered wearable gesture control technology, including products like the Mudra Band and Mudra Link, aimed at enhancing user experiences in gaming and extended reality environments.
Wearable Devices Announces Development of Neural Interface for Advanced Military Tactical Systems
Military Application of Neural Technology: Wearable Devices Ltd. has launched a project to develop a touchless neural control system for military applications, allowing soldiers to operate tactical systems using intuitive gestures, enhancing efficiency and safety in high-stakes environments.
Company Overview and Market Position: The company specializes in AI-powered touchless wearables and aims to redefine human-machine interfaces, expanding its influence in both the defense sector and consumer markets with innovative products like the Mudra Band and Mudra Link.
Wearable Devices Enters Asia's Tech Hub: Signs Exclusive Distribution Deal in South Korea
Exclusive Distribution Agreement: Wearable Devices Ltd. has partnered with Sky Commerce Co., Ltd. to distribute its Mudra Band and Mudra Link neural wristbands in South Korea, a key market for wearable technology.
Market Strategy: The agreement aims to leverage Sky Commerce's local expertise to promote and sell the products, with a focus on meeting annual purchase targets and obtaining necessary regulatory certifications.
Global Expansion Goals: This partnership is part of Wearable Devices' strategy to expand its global presence, following a similar agreement in Japan, and aims to enhance user experiences in hands-free device control.
Innovative Technology: Wearable Devices specializes in AI-powered touchless sensing wearables, positioning its products as leaders in the neural input category for both consumer and enterprise markets.
Wearable Devices and X-trodes Achieve Successful Neural Interface System for Dynamic Real-World Settings
Successful Delivery of Neural Interface System: Wearable Devices Ltd. has completed and delivered a neural interface system for advanced tactical systems in collaboration with X-trodes, enabling touchless control of communication and navigation systems through neuromuscular activity and gestures.
Innovative Technology for Extreme Environments: The system, which combines X-trodes' SmartSkin EMG patch with Wearable Devices' algorithms, addresses operational limitations by allowing simultaneous communication and system operation, and is now available for customer evaluation in extreme environments.
Pioneering Human-Computer Interaction: Wearable Devices is at the forefront of AI-powered neural input technology, offering products like the Mudra Band and Mudra Link that facilitate intuitive, touch-free control of digital devices across various platforms.
Future Development Potential: The collaboration between Wearable Devices and X-trodes sets a new standard for high-performance neural control systems, with expectations for further development phases to enhance user experiences in dynamic environments.
Wearable Devices Sets Pricing for $3.3 Million Registered Direct Offering and Concurrent Private Placement Under Nasdaq Regulations
Securities Purchase Agreement: Wearable Devices Ltd. has entered into a securities purchase agreement with an institutional investor to sell 1,230,000 ordinary shares at $2.67 per share, aiming to raise approximately $3.3 million for working capital and corporate purposes.
Warrants Issuance: In a concurrent private placement, the company will issue unregistered warrants to purchase the same number of ordinary shares, with an exercise price of $2.67, subject to shareholder approval.
Amendment of Existing Warrants: Existing warrants issued to the investor in September 2025 will be amended to reduce their exercise price to $2.67, also pending shareholder approval.
Company Overview: Wearable Devices specializes in AI-powered touchless sensing wearables, focusing on enhancing user experiences in gaming, productivity, and XR through innovative products like the Mudra Band and Mudra Link.
Wearable Devices Reveals $4M Pricing for Registered Direct Offering and Simultaneous Private Placement
Agreement Details: Wearable Devices has entered into an agreement with an institutional investor to sell 1 million ordinary shares at $4.00 each, generating approximately $4 million in gross proceeds.
Warrants and Use of Proceeds: The company will also issue unregistered warrants for the purchase of up to 1 million shares at the same price, with proceeds intended for working capital and general corporate purposes.
Wearable Devices Ltd. Announces a Warrant Inducement Transaction for $2.4 Million in Gross Proceeds
Warrant Inducement Agreement: Wearable Devices Ltd. has entered into a warrant inducement agreement with an institutional investor for the immediate exercise of existing warrants, generating approximately $2.4 million in gross cash proceeds, which will be used for working capital and corporate purposes.
Product Innovation: The company is recognized for its AI-powered wearable gesture control technology, including products like the Mudra Band and Mudra Link, aimed at enhancing user experiences in gaming and extended reality environments.
Wearable Devices Announces Development of Neural Interface for Advanced Military Tactical Systems
Military Application of Neural Technology: Wearable Devices Ltd. has launched a project to develop a touchless neural control system for military applications, allowing soldiers to operate tactical systems using intuitive gestures, enhancing efficiency and safety in high-stakes environments.
Company Overview and Market Position: The company specializes in AI-powered touchless wearables and aims to redefine human-machine interfaces, expanding its influence in both the defense sector and consumer markets with innovative products like the Mudra Band and Mudra Link.
