Curated News
By: NewsRamp Editorial Staff
June 17, 2026

Wearable Devices Announces 1-for-3 Reverse Share Split to Regain Nasdaq Compliance

Discuss on LinkedIn Discuss on Substack Discuss on Telegram
Original Source

TLDR

  • Wearable Devices' reverse split aims to boost share price above $1, potentially attracting more investors and avoiding Nasdaq delisting.
  • Wearable Devices will consolidate shares 1-for-3, reducing outstanding shares from 6.57M to 2.19M, effective June 22, 2026.
  • Wearable Devices' neural input technology enables touch-free device control, enhancing accessibility and user experience for people worldwide.
  • Wearable Devices' Mudra Band allows gesture control of digital devices without touching them, using AI and neural input.

Impact - Why it Matters

This reverse split matters because it enables Wearable Devices to maintain its Nasdaq listing, ensuring continued access to capital markets and investor visibility. For shareholders, it prevents potential delisting and preserves the company's ability to execute its growth strategy in the neural input and XR markets, which are poised for rapid expansion. Maintaining compliance also signals financial stability, which is crucial for attracting institutional investors and partners.

Summary

Wearable Devices (NASDAQ: WLDS), a pioneer in AI-powered neural input technology, has announced a 1-for-3 reverse share split of its ordinary shares and publicly traded warrants, effective at the start of trading on June 22, 2026. The move is designed to boost the per-share trading price of its ordinary shares and help the company regain compliance with Nasdaq’s $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market. The reverse split, previously approved by shareholders and the board, will reduce outstanding ordinary shares from about 6.57 million to 2.19 million, and publicly held warrants from roughly 32,886 to 10,962, subject to rounding. Shareholders’ proportional ownership will remain largely unchanged, except for minor adjustments due to fractional shares, and corresponding adjustments will be made to options, warrants, restricted shares, and equity incentive plans.

Wearable Devices Ltd. is a growth company focused on human-computer interaction through its AI-powered neural input touchless technology. The company’s consumer products, including the Mudra Band and Mudra Link, define the neural input category for wrist-worn devices and brain-computer interfaces, enabling touch-free, intuitive control of digital devices via gestures across multiple operating systems. Operating through direct-to-consumer sales and enterprise licensing, Wearable Devices empowers users with stylish wearables for gaming, productivity, and XR experiences. In the business sector, it offers enterprise partners advanced input solutions for immersive environments like AR/VR/XR and smart environments. The newly launched ai6 Labs ecosystem accelerates this vision by integrating research, products, and AI breakthroughs. The company’s ordinary shares and warrants trade on Nasdaq under “WLDS” and “WLDSW.”

This announcement comes as the company seeks to maintain its Nasdaq listing while continuing to innovate in the fast-growing neural input and XR markets. For more details, the full press release is available at https://ibn.fm/nXyEK. Investors can find the latest news and updates on WLDS in the company’s newsroom at https://ibn.fm/WLDS. This reverse split is a strategic financial maneuver to ensure the company remains listed and can continue its mission of shaping the future of seamless, natural user experiences.

Source Statement

This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Wearable Devices Announces 1-for-3 Reverse Share Split to Regain Nasdaq Compliance

blockchain registration record for this content.