Financing ·
Wearable Devices Ltd. entered into a Securities Purchase Agreement on July 31, 2026, to raise approximately $3.3…
WLDSWWearable Devices Ltd.
Wearable Devices Ltd. entered into a Securities Purchase Agreement on July 31, 2026, to raise approximately $3.3 million via private placement of 240,000 ordinary shares and pre-funded warrants exercisable for up to 760,000 additional shares at $3.285 per share, accompanied by five-year warrants with a $3.16 exercise price. The transaction was facilitated by A.G.P./Alliance Global Partners as placement agent for a 7% fee plus expenses. However, the closing is temporarily blocked by an interim ex parte order from the Haifa District Court prohibiting actions to advance the offering or change the capital structure. The company has requested to vacate the order, with a hearing scheduled for August 12, 2026; completion of the financing remains uncertain pending court proceedings. Wearable Devices Ltd. operates in the wearable technology industry, developing AI-powered neural input and touchless sensing devices.