Curated News
By: NewsRamp Editorial Staff
November 28, 2025

Wearable Devices Secures $5.68M in Funding for AI Gesture-Control Tech

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Original Source

TLDR

  • Wearable Devices secures $5.68 million from warrant exercise, strengthening its financial position to advance AI gesture-control technology and gain market advantage.
  • The company issued new warrants for 5.8 million shares at $1.86 each, exercisable after shareholder approval and expiring in five years, with closing expected December 2025.
  • This funding supports development of touch-free AI technology that enhances accessibility and creates more intuitive human-computer interactions for diverse users.
  • Wearable Devices uses AI to translate gestures into device commands, enabling touchless control through products like the Mudra Band for gaming and productivity.

Impact - Why it Matters

This funding injection represents more than just financial news—it signals accelerating momentum for touchless interface technology that could fundamentally change how we interact with digital devices. As extended reality (XR), gaming, and smart environments continue their explosive growth, intuitive gesture control systems like those developed by Wearable Devices could become the standard input method, replacing traditional controllers and touchscreens. For consumers, this means more natural, immersive experiences in gaming and productivity applications. For enterprises, it offers new possibilities for training, design, and collaboration in virtual environments. The technology's potential extends to accessibility applications, potentially creating new ways for people with mobility challenges to interact with technology. As major tech companies continue investing heavily in XR and spatial computing, successful execution by pioneers like Wearable Devices could position them as key players in shaping the next generation of human-computer interaction.

Summary

Wearable Devices Ltd. (NASDAQ: WLDS), a pioneer in AI-based wearable gesture-control technology, has secured a significant financial boost through a strategic warrant inducement agreement with an existing institutional investor. The deal involves the immediate cash exercise of warrants to purchase 3,322,000 ordinary shares at $1.71 per share, generating approximately $5.68 million in gross proceeds for the company. A.G.P./Alliance Global Partners is serving as exclusive financial advisor for this transaction. In exchange for the full cash exercise, Wearable Devices will issue new unregistered warrants to purchase up to 5,813,500 ordinary shares at $1.86 per share, exercisable upon shareholder approval and expiring five years thereafter. The closing is expected on or about December 1, 2025, subject to customary conditions.

This financial development supports Wearable Devices' pioneering work in human-computer interaction through its AI-powered neural input touchless technology. The company's consumer products – the Mudra Band and Mudra Link – are defining the neural input category for both wrist-worn devices and brain-computer interfaces. These innovative products enable touch-free, intuitive control of digital devices using gestures across multiple operating systems, representing a significant advancement in how users interact with technology. 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 (extended reality).

In the business sector, the company provides enterprise partners with advanced input solutions for immersive and interactive environments, from augmented reality/virtual reality/XR to smart environments. By setting the standard for neural input in the XR ecosystem, Wearable Devices is shaping the future of seamless, natural user experiences across some of the world's fastest-growing tech markets. The company's ordinary shares and warrants trade on the Nasdaq Capital Market under the symbols "WLDS" and "WLDSW," respectively. For more information about this development and other updates relating to WLDS, visit the company's newsroom at https://ibn.fm/WLDS. This press release was distributed through InvestorWire, a specialized communications platform within the Dynamic Brand Portfolio at IBN that provides advanced wire-grade press release syndication and comprehensive corporate communications solutions.

Source Statement

This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Wearable Devices Secures $5.68M in Funding for AI Gesture-Control Tech

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