Wearable Devices Ltd.

Wearable Devices Ltd. announced a private placement with a single institutional investor, raising approximately $3.3 million in gross proceeds. The offering includes 1,000,000 ordinary shares and warrants to purchase up to 1,000,000 ordinary shares at a combined price of $3.285 per share and warrant. The company intends to use the net proceeds for the continued commercialization of its Mudra products, development of next-generation product lines, advancement of AI6 Labs initiatives, potential strategic transactions, and general corporate purposes.

Wearable Devices Ltd. has received a demand from shareholders J.B.D Innovation Ltd. and Victor Tshuva & Co. – Law Offices, who collectively hold approximately 24.8% of the company's voting rights. The shareholders are demanding a special general meeting to amend the company's articles of association, remove four of the five current directors, and elect four of their own nominees. They also requested the company refrain from certain financing and strategic transactions pending the meeting. The company's board is reviewing the demand and has updated its risk factors to include potential impacts of shareholder activism.

Wearable Devices Ltd. announced the release of a new white paper, "From Intention to Action: How Brain–Computer Interfaces Are Removing Friction from AI & AR Interaction." The paper positions the company's Mudra neural interface as the foundational "intent layer" for agentic AI, augmented reality, and robotics. It introduces the proprietary Large MUAP Model (LMM) for translating wrist-based nerve and muscle signals into "neural tokens" and outlines high-value applications such as password-less identity verification and training robotic hands.

Wearable Devices Ltd. announced a 1-for-3 reverse split of its ordinary shares and tradable warrants, effective June 22, 2026. This strategic action aims to increase the per-share trading price to regain compliance with Nasdaq's $1.00 minimum bid price requirement and protect its continued listing status. The reverse split, approved by shareholders on June 4, 2026, will reduce the number of outstanding ordinary shares from approximately 6.57 million to 2.19 million.

Wearable Devices Ltd. announced its comprehensive lineup for the Augmented World Expo 2026 (AWE 2026), taking place from June 15 to 18, 2026. The company will showcase its hardware-agnostic neural input ecosystem, including the commercial launch of Mudra Pro, a next-generation enterprise hardware platform, and Mudra Studio, a generative AI software platform. Founder Guy Wagner will deliver a featured presentation on how BCI can reduce interaction barriers for AR, AI, and spatial computing, aiming to accelerate OEM partnerships and enterprise sales.

Wearable Devices Ltd. held its Special General Meeting of Shareholders on June 4, 2026. The meeting was initially adjourned due to a lack of quorum but was successfully reconvened later the same day. At the reconvened meeting, shareholders approved the proposal outlined in the company's Notice and Proxy Statement, which was previously furnished to the SEC.

Wearable Devices Ltd. announced the launch of Mudra Pro for early pre-orders, targeting enterprise innovation teams, researchers, developers, and OEM customers. The new device features a thinner, ergonomic design and integrates a photoplethysmography (PPG) sensor, in addition to its existing electromyography and inertial measurement unit sensors. The Mudra Pro aims to fast-track AI and XR programs by providing development tools to reduce technical barriers and accelerate the path from concept to commercialization.

Wearable Devices Ltd. announced a Special General Meeting of Shareholders to be held on June 4, 2026, to consider and approve a potential reverse stock split. The proposed ratio for the reverse split is up to 4:1, with the effective date to be determined by the Board. The Board of Directors unanimously recommends that shareholders vote in favor of this proposal, which aims to consolidate the company's outstanding ordinary shares.

Wearable Devices Ltd. announced Mudra Pro, its next-generation wearable neural sensing platform designed for advanced AI, extended reality (XR), and human-machine interaction systems. Mudra Pro integrates synchronized electromyography (EMG), optical photoplethysmography (PPG), and inertial measurement unit (IMU) sensors for industry-leading physiological state estimation and intent decoding. The new product features a thinner, lighter, and ergonomic hardware design, aiming to accelerate the development and validation of next-generation interaction models through its synchronized neural, physiological, and motion sensing capabilities.

Wearable Devices Ltd. announced the launch of Mudra Pro, a next-generation neural sensing platform designed for advanced AI, extended reality (XR), and human-machine interaction systems. This new wearable integrates EMG, PPG, and IMU sensors for physiological state estimation and intent decoding, featuring a thinner, lighter, and ergonomic design. Mudra Pro, an outcome of the company's ai6 Labs initiative, aims to accelerate development and validation of human-machine interaction models for developers and enterprise teams.