Welcome to our dedicated page for Wearable Devices news (Ticker: WLDSW), 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 consumer and enterprise use. Company news centers on the Mudra platform, including Mudra Link and Mudra Band products, which use non-invasive electromyography and gesture-control technology for smart devices, extended reality environments, and AI applications.
Recurring updates also cover ai6 Labs, Mudra Experience Studio, developer tools, B2C sales activity, enterprise licensing and collaboration channels, financial results, equity financing, advisory board additions, and capital-structure actions involving the company’s Nasdaq-listed ordinary shares and tradable warrants.
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 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.