Wearable Devices Announces Pricing of $3.3 Million Private Placement Priced At-the-Market Under Nasdaq Rules with a Single Institutional Investor
Summary
Wearable Devices announced a private placement that will raise about $3.3 million before fees and expenses. The company sold ordinary shares and warrants to a single institutional investor at an at-the-market price under Nasdaq rules. It plans to use the proceeds to commercialize its Mudra products, develop next-generation devices, advance its AI6 Labs initiatives, and fund working capital. The company also said it will file a resale registration statement with the SEC for the securities issued in the offering.
Funding
Amount
$3.3M
Total raised
Date
July 31, 2026
Announcement date
Investors
-
Lead investors
Company
wearabledevices.co.il
Funded company
AskAI Classifications
Sectors
No sectors detected
Functions
Developer and IT Infrastructure
Internet of Things (IoT) Platforms
Development Platforms
Linked Companies
Wearable Devices Ltd.
up to $1M