WLDSW Overview

Exclusive Distribution Agreement: Wearable Devices Ltd. has partnered with Sky Commerce Co., Ltd. to distribute its Mudra Band and Mudra Link neural wristbands in South Korea, a key market for wearable technology.

Market Strategy: The agreement aims to leverage Sky Commerce's local expertise to promote and sell the products, with a focus on meeting annual purchase targets and obtaining necessary regulatory certifications.

Global Expansion Goals: This partnership is part of Wearable Devices' strategy to expand its global presence, following a similar agreement in Japan, and aims to enhance user experiences in hands-free device control.

Innovative Technology: Wearable Devices specializes in AI-powered touchless sensing wearables, positioning its products as leaders in the neural input category for both consumer and enterprise markets.

Successful Delivery of Neural Interface System: Wearable Devices Ltd. has completed and delivered a neural interface system for advanced tactical systems in collaboration with X-trodes, enabling touchless control of communication and navigation systems through neuromuscular activity and gestures.

Innovative Technology for Extreme Environments: The system, which combines X-trodes' SmartSkin EMG patch with Wearable Devices' algorithms, addresses operational limitations by allowing simultaneous communication and system operation, and is now available for customer evaluation in extreme environments.

Pioneering Human-Computer Interaction: Wearable Devices is at the forefront of AI-powered neural input technology, offering products like the Mudra Band and Mudra Link that facilitate intuitive, touch-free control of digital devices across various platforms.

Future Development Potential: The collaboration between Wearable Devices and X-trodes sets a new standard for high-performance neural control systems, with expectations for further development phases to enhance user experiences in dynamic environments.

Securities Purchase Agreement: Wearable Devices Ltd. has entered into a securities purchase agreement with an institutional investor to sell 1,230,000 ordinary shares at $2.67 per share, aiming to raise approximately $3.3 million for working capital and corporate purposes.

Warrants Issuance: In a concurrent private placement, the company will issue unregistered warrants to purchase the same number of ordinary shares, with an exercise price of $2.67, subject to shareholder approval.

Amendment of Existing Warrants: Existing warrants issued to the investor in September 2025 will be amended to reduce their exercise price to $2.67, also pending shareholder approval.

Company Overview: Wearable Devices specializes in AI-powered touchless sensing wearables, focusing on enhancing user experiences in gaming, productivity, and XR through innovative products like the Mudra Band and Mudra Link.

Agreement Details: Wearable Devices has entered into an agreement with an institutional investor to sell 1 million ordinary shares at $4.00 each, generating approximately $4 million in gross proceeds.

Warrants and Use of Proceeds: The company will also issue unregistered warrants for the purchase of up to 1 million shares at the same price, with proceeds intended for working capital and general corporate purposes.

Warrant Inducement Agreement: Wearable Devices Ltd. has entered into a warrant inducement agreement with an institutional investor for the immediate exercise of existing warrants, generating approximately $2.4 million in gross cash proceeds, which will be used for working capital and corporate purposes.

Product Innovation: The company is recognized for its AI-powered wearable gesture control technology, including products like the Mudra Band and Mudra Link, aimed at enhancing user experiences in gaming and extended reality environments.

Military Application of Neural Technology: Wearable Devices Ltd. has launched a project to develop a touchless neural control system for military applications, allowing soldiers to operate tactical systems using intuitive gestures, enhancing efficiency and safety in high-stakes environments.

Company Overview and Market Position: The company specializes in AI-powered touchless wearables and aims to redefine human-machine interfaces, expanding its influence in both the defense sector and consumer markets with innovative products like the Mudra Band and Mudra Link.