08:43 AM EDT, 07/31/2026 (MT Newswires) -- Wearable Devices ( WLDS ) said Friday it agreed to raise approximately $3.3 million through a private placement with a single institutional investor.

The company will sell 1 million ordinary shares, or pre-funded warrants in lieu of ordinary shares, together with warrants to purchase up to 1 million additional ordinary shares, at a combined purchase price of $3.285 per share and accompanying warrant.

Wearable Devices ( WLDS ) said the warrants have an exercise price of $3.285 per share, are exercisable immediately and expire five years after issuance.

Net proceeds will support commercialization of its Mudra products, development of next-generation devices, expansion of its AI6 Labs initiatives in physical AI and robotics, potential strategic transactions, and general corporate purposes, it added.

The offering is expected to close on or about Aug. 3, subject to customary closing conditions.