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.
$1M to $5M