Wearable Devices Ltd. disclosed that the Haifa District Court issued an interim ex parte order prohibiting the company from advancing a private placement of 1,000000 ordinary shares and warrants to purchase up to 1,000,000 additional shares. The injunction stems from legal proceedings initiated by shareholders J.B.D Innovation Ltd. and Victor Tshuva & Co., who filed a motion for temporary injunction against the transaction announced on July 31, 2026. The court scheduled a hearing for August 12, 2026, requiring plaintiffs to provide security including NIS 250,000 in cash or bank guarantee. Unless lifted, the company cannot complete the financing while the order remains in effect. Wearable Devices Ltd. operates in the wearable technology and cybersecurity sector.

On July 27, 2026, J.B.D Innovation Ltd. and Victor Tshuva & Co. - Law Offices, holding approximately 24.8% of voting rights, demanded a special general meeting of shareholders to propose amendments to the articles of association and the removal of four of the five current directors. The demand also requests that the company refrain from certain financing and strategic transactions pending the meeting. Wearable Devices Ltd. is an Israeli company that develops wearable technology products.

Wearable Devices Ltd. announced a 1-for-3 reverse share split of its ordinary shares and tradable warrants, effective June 22, 2026. The consolidation will reduce the number of issued and outstanding ordinary shares from 6,568,408 to approximately 2,189,469 and warrants from 32,886 to approximately 10,962. Wearable Devices Ltd. develops and manufactures wearable technology products.