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.

Wearable Devices Ltd. completed a private placement raising approximately $3.3 million from a single institutional investor on August 10, 2026. This followed the resolution of shareholder disputes via a Cooperation Agreement dated August 7, 2026, which mandated the resignation of two directors and the appointment of four new independent board members effective three business days after court proceedings dismissal. The company also entered into a side letter committing J.B.D Innovation Ltd. to provide up to $12.0 million in convertible debt financing if future liquidity needs arise. Wearable Devices Ltd. operates in the wearable technology industry, developing and commercializing non-invasive medical monitoring devices.

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.