Curated News
By: NewsRamp Editorial Staff
September 12, 2025
Wearable Devices Secures $4M Funding for AI Touchless Tech Expansion
TLDR
- Wearable Devices secured $4 million in funding, providing investors an immediate opportunity to acquire shares at $6 with five-year warrants for potential future gains.
- Wearable Devices conducted a registered direct offering of 670,000 shares at $6 each, with concurrent private placement warrants exercisable immediately and expiring in 2025.
- This funding accelerates development of AI-powered touchless wearable technology, making human-device interaction more accessible and intuitive for everyone.
- Wearable Devices' neural interface technology lets you control devices with subtle finger movements, merging science fiction with reality through innovative AI wearables.
Impact - Why it Matters
This funding round represents a significant milestone for touchless technology development, which has become increasingly important in a post-pandemic world where hygienic device interaction is prioritized. The advancement of AI-powered neural input interfaces could revolutionize how we interact with technology, moving beyond traditional touchscreens and voice commands to more intuitive, gesture-based controls. For consumers, this means potentially more seamless integration between wearable devices and other technology, while for investors, it signals growth in the extended reality market that is projected to reach $1.5 trillion by 2030. The success of companies like Wearable Devices in securing institutional investment demonstrates confidence in the future of touchless interaction technology.
Summary
Wearable Devices Ltd. (NASDAQ: WLDS, WLDSW), a pioneering technology growth company specializing in AI-powered touchless sensing wearables, has secured significant funding through a strategic capital raise. The company entered into a securities purchase agreement with a single institutional investor for 670,000 ordinary shares at $6.00 per share in a registered direct offering priced at-the-market under Nasdaq rules. This transaction is expected to generate approximately $4 million in gross proceeds before deducting placement agent commissions and expenses, providing substantial financial backing for the company's innovative initiatives.
In a concurrent private placement, Wearable Devices will issue unregistered warrants to purchase up to 670,000 additional ordinary shares at the same $6.00 price point, exercisable immediately and expiring five years from issuance. The closing of this comprehensive financing arrangement is anticipated around September 15, 2025, subject to customary closing conditions. This capital infusion comes at a crucial time for the company, which is at the forefront of developing AI-based neural input interface technology for both consumer and business markets through its innovative products and licensing opportunities.
The company's flagship product, the Mudra Band for Apple Watch, represents a breakthrough in wearable technology, integrating sophisticated AI-based algorithms into a stylish wristband that utilizes proprietary sensors to detect subtle finger and wrist movements. This enables users to interact "touchlessly" with connected devices, setting new standards in the rapidly expanding Extended Reality landscape. For investors seeking the latest updates, comprehensive information is available through the InvestorBrandNetwork's dynamic brand portfolio, which provides extensive market reach and communication solutions for technology innovators like Wearable Devices.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Wearable Devices Secures $4M Funding for AI Touchless Tech Expansion
