Welcome to our dedicated page for Wearable Devices news (Ticker: WLDS), a resource for investors and traders seeking the latest updates and insights on Wearable Devices stock.
Wearable Devices Ltd. develops AI-powered touchless sensing wearables and human-machine interface technology for smart devices, XR, AR and AI applications. Company news commonly covers the Mudra platform, including Mudra Link, Mudra Band and Mudra Experience Studio, as well as ai6 Labs work in non-invasive electromyography, neural input and intent-driven gesture control.
Recurring updates also include patent activity for gesture and voice-controlled interface devices, biometric user authentication, product and developer-platform launches, AR hardware collaborations, annual financial results, equity financing, shareholder approvals and capital-structure actions involving the company’s ordinary shares and tradable warrants on Nasdaq.
Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) was invited to present at The Paley Center for Media's Best of CES 2023 event in New York City. The event showcased the latest trends and products from CES 2023, and Wearable Devices demonstrated its innovative Mudra Band technology for Apple Watch, enabling neuro-gestural control of digital devices. Barry Kaplan, Executive Vice President, emphasized the strong interest in their AI-driven technology and its impact on media consumption. Wearable Devices was one of six companies selected to present, highlighting its role in shaping the future of human-technology interaction.
Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) announced a partnership with a Fortune 500 communications company to integrate its Mudra neural input technology into the partner's chipset, providing a Ready-to-Deploy platform for touchless input. CEO Asher Dahan expressed excitement over the validation of their technology and the potential for future partnerships in the wearable computing and metaverse sectors. This collaboration aims to enhance the user experience by enabling hands-free control of devices, solidifying the company's position in the consumer electronics marketplace.
Wearable Devices Ltd. (WLDS, WLDSW) has appointed Tamar Fleisher as Chief Operating Officer to enhance its global business operations and accelerate performance, particularly for the Mudra Band, a consumer product. With over a decade of experience in product management and operations, Fleisher aims to lead the company through its growth trajectory in the neural input interface technology sector. CEO Asher Dahan highlighted her empathetic leadership and customer understanding as assets for the company, which seeks to set new interaction standards within the Metaverse.
Wearable Devices Ltd. (Nasdaq: WLDS) will showcase its innovative technologies at CES 2023 in Las Vegas from January 5-8. The Company will present both B2B and B2C solutions at booth 54505 in Tech West. Notably, the Mudra Band for Apple Watch, recognized as a 2021 CES Innovation Award Honoree, enables touchless control of devices through hand movements. CEO Asher Dahan expressed excitement for the event, highlighting numerous scheduled meetings with industry leaders. Attendees are encouraged to visit the booth for demos and insights into cutting-edge neural interface technology.
Wearable Devices Ltd. (Nasdaq: WLDS) announced that it has received a notice from Nasdaq regarding non-compliance with the minimum bid price of $1.00 per share. The company has 180 days to regain compliance, with a deadline set for May 22, 2023. If the closing bid price reaches $1.00 for ten consecutive days, compliance will be confirmed. If not, the company may be granted an additional 180-day period under certain conditions. The company may consider actions such as a reverse stock split to regain compliance.
Wearable Devices showcased its Mudra wristband at the 2022 Trimble Dimensions+ Conference, enabling hands-free control of autonomous robots like Spot through neural input signals. The demonstration highlighted how users could direct robot movements via finger gestures, enhancing safety and productivity in hazardous environments. The CEO emphasized the importance of neurotechnology in seamlessly connecting human operators with machines. This technology indicates Wearable Devices' potential in the growing market for digital interaction interfaces.
Wearable Devices Ltd. (Nasdaq: WLDS) announced a letter from CEO Asher Dahan outlining the company’s growth strategy post-IPO. The company is positioning itself in the expanding consumer electronics market with its innovative neural control interface. The Mudra Band, designed for Apple products, is highlighted as a near-term revenue opportunity. Furthermore, over 100 B2B development kits have been sold, indicating strong demand. Key industry events like CES and MWC are on the horizon, showcasing the company’s commitment to market engagement.
Wearable Devices Ltd. (Nasdaq: WLDS) reported a net loss of $(2,051,000) or $(0.18) per diluted share for the six months ending June 30, 2022, up from $(640,000) or $(0.08) per diluted share in the same period last year. The company closed its IPO on September 15, 2022, raising approximately $16 million. The funds will support the development of its neural input interface technology and production of the Mudra wrist band, which allows touchless control of devices. Over 100 companies have purchased the Mudra Inspire development kit, indicating strong interest in the technology.
Wearable Devices Ltd. has announced a successful $16 million IPO managed by Aegis Capital Corp as the sole bookrunner. The company specializes in innovative non-invasive neural input interface technology through a wrist wearable band that allows users to control digital devices using subtle finger movements. This IPO aims to enhance their development efforts and promote their Mudra platform designed for touchless interaction with technology, setting the stage for their role in the Metaverse.
Wearable Devices Ltd. has successfully closed its initial public offering, selling 3,750,000 common units at $4.25 per unit, for gross proceeds of approximately $16 million. Each unit consists of one ordinary share and two warrants. Aegis Capital Corp. has a 45-day option to purchase additional shares and warrants. Trading began on September 13, 2022, under the symbols WLDS and WLDSW. The funds raised will support the company's development of a neural input interface technology aimed at revolutionizing how users interact with digital devices.