Mergers & Acquisitions ·
Wearable Devices Ltd. reported a net loss of $5.52 million for the six months ended June 30, 2026, with revenues…
WLDSWWearable Devices Ltd.
Wearable Devices Ltd. reported a net loss of $5.52 million for the six months ended June 30, 2026, with revenues increasing 19% to $350 thousand. The company completed two consecutive 1-for-3 reverse stock splits effective March 11 and June 22, 2026. On August 7, 2026, the firm entered into a Cooperation Agreement resolving shareholder activism, resulting in the resignation of Ilana Lurie and Guy Wagner from the Board and the appointment of Avichay Vardi, Oz Adler, Gabriel Kabazo, and Hila Kiron Revach. J.B.D Innovation Ltd. committed to provide up to $12 million in convertible debt financing if needed over the next 24 months. Additionally, a private placement closed on August 10, 2026, raised approximately $3.3 million gross proceeds from Armistice Capital LLC. The company operates in the wearable technology and human-machine interface industry.