tw0122
10 months ago
No worries for now about another offering.. Wearable Devices Ltd. Announces Closing of $16 Million Initial Public Offering
Source: GlobeNewswire Inc.
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Wearable Devices Ltd. (the “Company”), a growth company developing a non-invasive neural input interface technology for B2B and B2C customers, announced today the closing of its initial public offering of 3,750,000 common units. Each common unit was offered at a public offering price per common unit of $4.25 and consists of one ordinary share and two warrants to purchase one ordinary share each, with an initial exercise price of $4.00 per share. The gross proceeds of the offering were approximately $16 million before deducting underwriting discounts and commissions and offering expenses.
In addition, the Company has granted Aegis Capital Corp. (“Aegis”) a 45-day option to purchase up to such number of additional ordinary shares equal to 15% of the number of units sold in the offering and up to such number of additional warrants equal to 30% of the number of units sold in the offering, solely to cover over-allotments, if any. The purchase price to be paid per additional ordinary share will be equal to the public offering price of one unit (less $0.01 allocated to each warrant), less the underwriting discount. The purchase price to be paid per additional warrant will be $0.01. On September 13, 2022, Aegis exercised its over-allotment option with respect to 1,125,000 warrants to purchase 1,125,000 ordinary shares.
The ordinary shares and common warrants began trading on The Nasdaq Capital Market on September 13, 2022, under the symbols “WLDS” and “WLDSW”, respectively.
The Company’s flagship product, the Mudra Band for Apple Watch, integrates innovative AI-based technology and algorithms into a functional, stylish wristband that utilizes proprietary sensors to identify subtle finger and wrist movements allowing the user to “touchlessly” interact with connected devices. The Company also markets a B2B product, the Mudra Inspire, which utilizes the same technology and functions as the Mudra Band and is available to businesses on a licensing basis. Wearable Devices is committed to creating disruptive, industry leading technology that leverages AI and proprietary algorithms, software, and hardware to set the input standard for the Metaverse, one of the most rapidly expanding landscapes in the tech industry.
Invest-in-America
11 months ago
WLDS: You, Sir, are WITTY to the MAX!!! (Not to mention old WCF, with his scores of PERFECT philosophical one-liner's!! [Like the one YOU just quoted.] Just imagine a comedy movie TODAY --- all CGI, of course --- starring WCF & RODNEY D., in their prime!! I know I have made such a point before, but WHY doesn't DISNEY, for example, jump-on such a CGI-Movie concept????? Or, for that matter, stupid HOLLYWOOD, generally. O.K., I have made my points there; enough said.)
Invest-in-America
11 months ago
WLDS: Hey, BOSS!!! (I indeed DID get your msg., and I indeed DID jump-on this cute little puppy!!! WHY??? Well --- although it might be just you & me excited about this one, I suppose --- but, nevertheless, it kinda looks like this Firm may have a FUTURE; & not merely just a flash-in-the-pan of the last two weeks.)
subslover
11 months ago
Wearable Devices Commences Commercial Manufacturing of the Mudra Band for Apple Watch
The Company Incorporates Innovative Design To Optimize Mudra Band’s Manufacturability
YOKNEAM ILLIT, ISRAEL, June 01, 2023 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) (“Wearable Devices” or the “Company”), a technology growth company specializing in AI-powered touchless sensing wearables, is pleased to announce that it has commenced commercial manufacturing of its anticipated Mudra Band for Apple Watch.
Wearable Devices has witnessed a growing demand from customers worldwide, with thousands of preorders already received so far.
In the development of the Mudra Band, Wearable Devices utilized an innovative manufacturing technique which combines the advantages of a flex-rigid printed circuit board with enhanced durability and flexibility, to ensure a sleek and seamless integration with the Apple Watch.
“We are focused on manufacturing an excellent product that will transform the way people interact with their electronic devices. A key focus of our development process has been to optimize design for manufacturability so we can efficiently complete the manufacturing process and deliver the preorders to our customers,” stated Guy Wagner, co-founder and Chief Scientist Officer of Wearable Devices. “Our team is dedicated to ensuring a seamless production process, and we look forward to introducing the Mudra Band to our valued customers. This is just the beginning of our journey, our preorders further validate the market’s anticipation for this revolutionary touchless product."
The Mudra Band, initially developed for touchless operation of the Apple Watch using neural signals, has now expanded its product features with Air-Touch. This groundbreaking addition allows users to seamlessly control Apple's entire ecosystem of devices using subtle finger movements and hand gestures without the need for physical touch. With the latest enhancements, users can effortlessly toggle and switch between connected devices, including iPhone, iPad, Mac computer, Apple TV devices, smart glasses, and various mobile gaming devices, creating an immersive and intuitive user experience.
For more information about the Mudra Band and to place preorders, please visit the official website at www.mudra-band.com.
Invest-in-America
11 months ago
And they have many very-well-made POSTS now all over YouTube about Mr. WCF, with nearly ALL of his one-liners. (WCF & Mae West were CLASSIC together!!!) Hey, Boss, WHERE are today's CGI, AI, METAVERSE stuff, etc. --- totally NON-Hollywood-assembled --- MOVIES??? Starring all of those comedian pioneers!!! E.g., a RE-make of "CADDY SHACK", for example, with THOSE long-deceased chaps/ladies in it!!! Or, a RE-make of "TITANIC", starring CGI-assembled moving images of the REAL crew & passengers on that fateful day!!! Bottom line, that ancient Hollywood "STAR-BASED-SYSTEM" of making movies must be put to DEATH!!!