Recent Updates — WLDS

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.