Wearable Devices Ltd. - WLDS STOCK NEWS

Wearable Devices (WLDS) is developing advanced AI-powered gesture personalization technology that captures biopotential signals from the wrist. The company is working on neural wristband technology to detect user-specific micro-gestures, utilizing Large MUAP Models (LMMs) to create personalized gesture experiences that improve with continued use.

The technology aims to enable three key features: micro-gesture precision for reliable real-time responsiveness, context-aware interactions adaptive to user habits, and cross-device integration across AR/VR headsets, AR glasses, and smartwatches. This development focuses on creating adaptive, user-specific models rather than one-size-fits-all solutions to enhance accessibility and usability in AI-driven environments.

Wearable Devices (WLDS) has announced the development of Large MUAP Models (LMM), an AI-powered neural gesture technology designed to revolutionize human-computer interaction. Building on the success of Large Language Models (LLMs), LMMs aim to decode Motor Unit Action Potentials (MUAPs) to enable personalized and intuitive gesture control.

The technology creates unique neural profiles for individual users, allowing for customized gesture interactions. Currently in development, LMMs are designed to enhance the company's existing products, including the Mudra Band for Apple Watch and Mudra Link for universal device control.

The company sees significant potential for LMM integration in extended reality (XR) platforms and plans to seek collaborations with leading companies in the field. According to Chief Scientific Officer Guy Wagner, this breakthrough could create 'sci-fi-like superhuman abilities' and provide a fundamental edge to early adopters.

Wearable Devices (WLDS) has announced the development of Large MUAP Models (LMM), a groundbreaking advancement in AI-powered neural gesture control technology. LMMs aim to decode Motor Unit Action Potentials (MUAPs), the body's muscle communication signals, to enable personalized and intuitive device interactions.

The technology builds upon the company's existing products, including the Mudra Band for Apple Watch and Mudra Link for universal device control. LMMs are designed to create unique neural profiles for each user, allowing for customized gesture controls in extended reality (XR) and AI applications.

While still in development, the company plans to seek collaborations with leading companies to integrate LMMs into next-generation XR platforms. The technology aims to provide faster and more precise user intention prediction, potentially revolutionizing human-computer interaction in spatial computing environments.

Wearable Devices (WLDS) has completed a $2.5 million public offering with a single institutional investor. The offering included 345,000 ordinary shares, 2,155,000 pre-funded warrants, and warrants to purchase up to 2,500,000 ordinary shares at a combined price of $1.00 per share and accompanying warrant.

The warrants have an exercise price of $1.00 per share, are immediately exercisable, and expire in five years. Additionally, the company amended existing warrants previously issued to the same investor, reducing the exercise price from $2.50 to $1.00 per share for up to 822,000 ordinary shares. A.G.P./Alliance Global Partners served as the sole placement agent. The company plans to use the proceeds for working capital and general corporate purposes.

Wearable Devices (Nasdaq: WLDS) has announced the pricing of a $2.5 million public offering with a single institutional investor. The offering includes up to 2,500,000 ordinary shares (or pre-funded warrants) and warrants to purchase up to 2,500,000 ordinary shares at a combined price of $1.00 per share and accompanying warrant.

The warrants will have an exercise price of $1.00 per share, exercisable immediately with a five-year expiration. The closing is expected around January 30, 2025. Additionally, the company agreed to amend previously issued warrants for 822,000 ordinary shares, reducing their exercise price from $2.50 to $1.00 per share.

A.G.P./Alliance Global Partners is serving as the sole placement agent. The company plans to use the net proceeds for working capital and general corporate purposes.

Wearable Devices (Nasdaq: WLDS) has announced the general availability of its Mudra Link, the first neural wristband compatible with Android, macOS, and Windows devices. The product was showcased at CES 2025 where it received an Innovation Award in the XR Technologies & Accessories category.

The Mudra Link uses proprietary Surface Nerve Conductance sensors to detect electromyography signals from subtle finger movements, converting them into commands for various devices including AR glasses, smart TVs, mobile phones, and computers. CNET highlighted the collaboration between RayNeo and Wearable Devices, comparing the technology to Meta's prototype Orion glasses.

The device features customizable gestures and cross-platform compatibility. The Mudra Development Kit is available for corporations and developers to explore new use-cases. Shipments are expected to begin by the end of January 2025.

Wearable Devices (Nasdaq: WLDS) has received a notification from Nasdaq regarding non-compliance with the minimum stockholders' equity requirement. The company failed to maintain the required $2.5 million in stockholders' equity, reporting approximately $1.695 million as of June 30, 2024.

The company has until March 3, 2025, to submit a compliance plan to Nasdaq. If accepted, Nasdaq may grant up to 180 calendar days extension to demonstrate compliance. During this period, WLDS and WLDSW will continue trading on the Nasdaq Capital Market.

Wearable Devices expects to regain compliance by December 31, 2024, following proceeds from its Standby Equity Purchase Agreement with YA II PN, and its November 2024 registered direct offering and concurrent private placement.

Wearable Devices (WLDS) received significant recognition at CES 2025 for its Mudra Link Neural Gesture-Control Wristband. The device, priced at $199, garnered praise from major tech media outlets including Tom's Guide, CNET, WAREABLE, Gadgets & Wearables, and ZDNet.

The Mudra Link was highlighted for bringing gesture controls to the mass market at a fraction of the cost of competing products like Apple Vision Pro ($3,500). The wristband integrates with AR glasses and smart devices via Bluetooth, enabling users to control applications through small finger movements. Notable collaborations include the integration with RayNeo X3 Pro AR glasses.

The product is now generally available for order through the company's website, with shipments expected by the end of January 2025.

Wearable Devices (WLDS) and RayNeo have announced a collaboration to launch the RayNeo X3 Pro glasses, integrated with Wearable Devices' Mudra neural input wristband. The AR glasses are powered by Qualcomm's Snapdragon AR1 Gen 1 Platform.

The Mudra technology enables gesture control without requiring line-of-sight, reducing device weight and power consumption while allowing for more compact designs. The system allows users to control AR experiences through subtle gestures, featuring customizable commands and cross-platform compatibility with iOS, Android, Windows, and macOS.

The co-branded AR glasses, labeled 'Powered by Mudra Technology,' will be showcased at CES 2025 at both companies' booths in the Las Vegas Convention Center's Central Hall.