UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of October 2026 (Report No. 2)
Commission file number: 001-41502
WEARABLE
DEVICES Ltd.
(Translation of registrant’s name into English)
5 Ha-Tnufa Street
Yokne-am Illit, Israel 2066736
(Address of principal executive offices)
Indicate by check mark whether the registrant files
or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒
Form 40-F ☐
CONTENTS
On October 16, 2026 (the “Effective
Date”), Wearable Devices Ltd. (the “Company”) entered into a Commercial Collaboration and Data License Agreement (the
“Agreement”) with Cord Technologies, Inc. (“Encord”), pursuant to which Encord may purchase from the Company Mudra
Pro and Mudra Ultimate wristband devices (the “Devices”) and use them to collect, process, analyze, and commercialize certain
raw sensor data generated by the Devices (the “Data”) and thereafter generate outputs created through the processing of such
Data (the “Processing Outputs”), in accordance with applicable laws.
Subject to the terms of the Agreement, Encord and
its affiliates received a perpetual, worldwide, non-exclusive license to use the Data generated during the term of the Agreement to create
and exploit Processing Outputs. The Agreement has an initial term of one year and automatically renews for successive one-year periods
unless a party provides at least 60 calendar days’ written notice of non-renewal before the end of the then-current term.
Under the Agreement, Encord may submit purchase
orders for Devices to the Company. The price-per-unit may change based on the number of Devices ordered. In addition, Encord will pay
the Company a per-hour revenue share for qualifying data collected using the Devices. The Agreement does not impose a fixed minimum
revenue commitment or minimum data-collection volume.
The Agreement provides for limited, conditional
mutual exclusivity for 12 months from the Effective Date, unless earlier suspended, reduced, or terminated in accordance with its terms.
Attached hereto as Exhibit 99.1 and incorporated
herein is the Company’s press release in connection with the entry into the Agreement issued on October 22, 2026, titled “Wearable
Devices and Encord Sign Strategic Collaboration Agreement to Advance Neural-Enhanced Data for Physical AI.”
Forward-Looking Statements
This Report of Foreign Private Issuer on Form 6-K
(this “Form 6-K”) contains forward-looking statements within the meaning of the “safe harbor” provisions of the
Private Securities Litigation Reform Act of 1995 and other federal securities laws. For example, the Company is using forward-looking
statements when it discusses the anticipated product orders under the Agreement and anticipated revenue under the Agreement. All statements
other than statements of historical facts included in this Form 6-K are forward-looking statements. Forward-looking statements are neither
historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations,
and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy
and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks
and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. The Company’s
actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should
not rely on any of these forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company,
reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission, including,
but not limited to, the risks detailed in the Company’s Annual Report on Form 20-F filed on March 12, 2026. The Company
undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time,
whether as a result of new information, future developments or otherwise.
The paragraphs above are incorporated by reference into the Company’s
registration statements on Form F-3 (File No. 333-274841,
333-295793 and 333-298593)
and Form S-8 (File No. 333-291857,
333-290148, 333-284010,
333-269869, 333-274343,
333-293968, and 333-298987),
filed with the Securities and Exchange Commission, to be a part thereof from the date on which this report is submitted, to the extent
not superseded by documents or reports subsequently filed or furnished.
EXHIBIT INDEX
| 99.1 | | Press Release issued by Wearable Devices Ltd. on October 22, 2026, titled “Wearable Devices and Encord Sign Strategic Collaboration Agreement to Advance Neural-Enhanced Data for Physical AI.” |
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| |
Wearable Devices Ltd. |
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| Date: October 22, 2026 |
By: |
/s/ Asher Dahan |
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Asher Dahan |
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|
Chief Executive Officer |
Exhibit 99.1
Wearable Devices and Encord Sign Strategic Collaboration Agreement
to Advance Neural-Enhanced Data for Physical AI
Collaboration aims to combine Wearable Devices’ Neural Intent
data with Encord’s Physical AI data infrastructure to support richer multimodal training data for advanced Physical AI and robotics
applications
YOKNEAM ILLIT, ISRAEL, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Wearable Devices
Ltd. (Nasdaq: WLDS, WLDSW) (“Wearable Devices” or the “Company”), a technology growth company specializing in
artificial intelligence (“AI”)-powered neural sensing wearables, today announced that it has entered into a strategic collaboration
agreement with Cord Technologies, Inc. (“Encord”), an AI data infrastructure company focused on Physical AI.
The collaboration brings together Wearable Devices’ wrist-based
neural sensing technology with Encord’s Physical AI data infrastructure and visual data capabilities, with the goal of creating
richer multimodal training data for Physical AI systems. By combining neural signals associated with human movement and intent with visual
information, the companies aim to enhance how Physical AI systems learn from and interpret complex human actions. On the Wearable Devices
side, the collaboration is led by Kavana, the Company’s Physical AI business unit.
The agreement establishes a commercial framework for Encord to purchase
Wearable Devices’ wrist-worn devices and use data collected through those devices, subject to the agreement’s licensing and
commercialization terms. It builds on the companies’ existing evaluation relationship and supports their efforts to evaluate the
combination of neural and visual information for Physical AI applications.
Wearable Devices’ wrist-worn technology, including Mudra Pro
and Mudra Ultimate, captures surface electromyography (“sEMG”) signals associated with neuromuscular activity underlying hand
and finger movement. The Company refers to this information as “Neural Intent” data, reflecting its potential use in interpreting
movement-related intent rather than a direct measurement of a person’s thoughts or intentions.
This neuromuscular information is intended to complement vision-based
data, particularly in scenarios involving occlusion, where fingers, hands or objects may be partially obscured from camera view. Such
conditions can affect vision-based estimation of hand poses and movements. The collaboration aims to evaluate whether adding wrist-based
sensing data can provide useful complementary information in these settings.
Combining neuromuscular and visual information may provide richer training
data for dexterous hand manipulation and other advanced Physical AI applications. By adding synchronized neuromuscular signals to visual
data, the companies aim to evaluate whether the combined data can provide a more complete representation of human hand movement and associated
muscle activity than vision alone.
Under the collaboration, Encord may use data collected through Wearable
Devices’ devices to create and provide datasets and other processing outputs to third-party developers, subject to the agreement’s
licensing, payment and commercialization terms. The companies also intend to explore opportunities to support developers of Physical AI
systems, humanoid robotics and advanced robotic manipulation applications. Any joint development work would be subject to separate written
agreements.
The agreement provides for device sales and usage-based compensation
to Wearable Devices for qualifying data-collection activity. Any future commercial activity will depend on customer demand and implementation
of the collaboration.
The collaboration creates a potential pathway for providing Physical
AI developers with differentiated training data that combines what a camera can observe with neuromuscular information associated with
the underlying human action.
“Physical AI systems need increasingly rich data to understand
not only what is happening in the physical world, but also the nuances of how human actions are performed,” said Leeor Langer,
Chief Technology Officer of Wearable Devices. “Vision is a critical component of that process, while our Neural Intent technology
can add another layer of information by capturing neuromuscular signals directly from the wrist. Together with Encord’s Physical
AI data infrastructure, we believe this combination can create differentiated multimodal training data for increasingly sophisticated
Physical AI and robotics systems.”
Langer continued, “Importantly, we are already working together
on data collection, testing and integration. This collaboration represents another important step in extending our neural sensing technology
beyond human-computer interaction and into the rapidly developing Physical AI ecosystem, while creating potential new commercial applications
around the data generated by our technology.”
The collaboration supports Wearable Devices’ broader strategy
of positioning its wrist-based neural sensing technology as an additional data layer for Physical AI, with the aim of complementing vision-based
training data with synchronized information associated with human movement and muscle activation.
About Wearable Devices Ltd.
Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) is a growth company pioneering
human-computer interaction through its AI-powered neural input touchless technology. Leveraging proprietary sensors, software, and advanced
AI algorithms, the Company’s Mudra products are defining the neural input category both for wrist-worn devices and for brain-computer
interfaces, enabling touch-free, intuitive control of digital devices using gestures across multiple operating systems.
Operating through a dual-channel model of direct-to-consumer sales
and enterprise licensing and collaborations, Wearable Devices empowers consumers with stylish, functional wearables for enhanced experiences
in gaming, productivity, and XR, and provides enterprise partners with advanced input solutions for immersive and interactive environments.
The ai6 Labs ecosystem accelerates this vision by integrating research, products, and AI breakthroughs. Expanding into Physical AI, the
Company’s wearable neural sensing layer enriches human-generated training data for robotics and advanced physical systems; Kavana
is the Company’s Physical AI business unit - for more information, visit kavana.tech. Wearable Devices’ ordinary shares and
warrants trade on the Nasdaq Capital Market under the symbols “WLDS” and “WLDSW,” respectively.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of applicable U.S. federal securities laws. Forward-looking statements include statements regarding the anticipated implementation
and expansion of the collaboration between Wearable Devices and Encord; planned data collection, testing and integration; the potential
benefits of combining neuromuscular and visual information; the quality and potential uses of multimodal training datasets and other
processing outputs; potential applications in Physical AI and robotics; potential demand from third-party developers; and potential future
device sales, usage-based compensation and other commercial opportunities.
Forward-looking statements are based on current expectations, assumptions
and beliefs and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied.
These risks include, among others, the ability of the parties to implement and maintain the collaboration and successfully collect, synchronize
and combine neuromuscular and visual data; whether the resulting data provides the anticipated technical benefits; the technical performance
and commercial acceptance of resulting datasets, products or services; the ability to agree on additional commercial terms and obtain
approvals where required; compliance with applicable privacy, biometric-data and other laws and the availability of required participant
consents and third-party rights; market demand for Physical AI solutions; competition; technological developments; and the other risks
and uncertainties described in Wearable Devices’ filings with the U.S. Securities and Exchange Commission.
Readers are cautioned not to place undue reliance on forward-looking
statements. Wearable Devices undertakes no obligation to update any forward-looking statement except as required by applicable law.
Investor Relations Contact: Michal Efraty
IR@wearabledevices.co.il
