IPO - Wearable Devices Ltd.

Form Type: F-3

Filing Date: 2025-05-14

Corporate Action: Ipo

Type: New

Accession Number: 000121390025042931

Filing Summary: On May 14, 2025, Wearable Devices Ltd. filed a Form F-3 Registration Statement with the SEC to register the resale of up to 1,661,000 Ordinary Shares. These shares are to be sold by a selling shareholder, arising from the exercise of warrants sold in a private placement completed on April 30, 2025. The company issued these new warrants at an exercise price of $1.45 per share, which were immediately exercisable and will expire in five years. The private placement generated gross proceeds of approximately $1.2 million. The ordinary shares are already listed on Nasdaq under the symbol 'WLDS'. The document outlines risks associated with investing in the shares, including potential significant dilution for existing shareholders. The company has not yet signed any licensing agreements with B2B clients and plans to continue its push for commercialization of its neural input interface technology developed for wearable devices. The company also emphasizes its vision of transforming human interaction with technology through non-invasive neural interfaces that utilize gestures to control digital devices.

Form Type: POS AM

Filing Date: 2025-03-24

Corporate Action: Ipo

Type: New

Accession Number: 000101376225001654

Filing Summary: Wearable Devices Ltd. filed a Post-Effective Amendment No. 1 to Form F-1 on March 24, 2025, to update its Registration Statements which became effective on December 20, 2024, and January 28, 2025. This amendment specifically incorporates the Registrant's Annual Report on Form 20-F for the fiscal year ended December 31, 2024, which was filed on March 20, 2025. The document details the offer and sale from the Selling Shareholder of up to 1,230,500 Ordinary Shares, including shares issuable upon the exercise of Warrants from prior private placements and public offerings. The Registration statement aims to register these Ordinary Shares under the U.S. Securities Act of 1933 via a delayed offering. The Company has transitioned into commercialization of its wearable technology and has commenced shipments of consumer products such as the Mudra Band and Mudra Link. The securities being registered include Ordinary Shares that are shareable upon the exercise of 205,500 Private Placement Warrants and additional shares from guarantee warrants. The company is an emerging growth firm, reports risks associated with investing, and highlights that the proceeds from the sale will go to the Selling Shareholder.

Form Type: POS AM

Filing Date: 2025-03-24

Corporate Action: Ipo

Type: New

Accession Number: 000101376225001659

Filing Summary: Wearable Devices Ltd. has filed Post-Effective Amendment No. 1 to its Form F-1 registration statement with the SEC, reflecting updates and incorporation of previous financial reports. The amendment is tied to the securities offering of up to 1,230,500 Ordinary Shares by a Selling Shareholder, including shares issuable from warrants and pre-funded warrants. The ordinary shares sold may arise from concurrent registered direct and best efforts public offerings; notably, the private placement warrants had an initial exercise price of $10.00 but have been amended to an exercise price of $4.00 following the latest offering. The company's ordinary shares are traded under the symbol

Form Type: 424B4

Filing Date: 2025-01-30

Corporate Action: Ipo

Type: New

Accession Number: 000121390025008102

Filing Summary: Wearable Devices Ltd. is offering 345,000 Ordinary Shares at a public offering price of $1.00 per share, alongside 2,500,000 Warrants to purchase Ordinary Shares. The Warrants are immediately exercisable with an exercise price of $1.00 per share, expiring five years from issuance. To accommodate investors who may exceed a 4.99% ownership threshold post-offering, 2,155,000 Pre-Funded Warrants are also offered. The purchase price for Pre-Funded Warrants is $0.9999, and their exercise price is $0.0001 per share. The company’s existing Ordinary Shares and prior warrants are listed on Nasdaq under symbols WLDS and WLDSW. The offering is organized on a 'best efforts' basis, managed by A.G.P. Alliance Global Partners. Should the offering close as planned on January 30, 2025, the total outstanding Ordinary Shares will be 3,486,854. The company intends to use the proceeds for working capital and general corporate purposes. Significant risks of investment are detailed, including the volatile market conditions of the Ordinary Shares and uncertainty regarding the offering's success.

Form Type: F-1/A

Filing Date: 2025-01-06

Corporate Action: Ipo

Type: New

Accession Number: 000121390025000963

Filing Summary: Wearable Devices Ltd. is conducting an initial public offering (IPO) to offer up to 2,293,578 ordinary shares, together with accompanying warrants for purchase of equal amounts. The offering is managed by A.G.P./Alliance Global Partners and is structured as a 'best efforts' offering with no minimum proceeds required for closing. The assumed offering price is set at $2.18 per ordinary share, based on the last reported sale price on Nasdaq as of December 31, 2024. The company aims to use net proceeds estimated at approximately $4.4 million for working capital and general corporate purposes. As part of the offering, they are providing Pre-Funded Warrants to certain purchasers to avoid exceeding ownership thresholds of 4.99% or 9.99% of the company's outstanding shares. The offering is contingent on SEC effectiveness, and shares will be immediately separable upon issuance. Wearable Devices is transitioning from R&D to commercialization of its gesture control technology via products like the Mudra Band and Mudra Link, signaling a goal to redefine human-computer interaction. The company reported revenues of $394,000 for the first half of 2024 and a significant loss of $4.2 million, emphasizing the high-risk nature of the investment. The company is also categorized as an emerging growth company under the Jumpstart Our Business Startups Act, subjecting it to reduced reporting requirements, and is listed under the Nasdaq symbols 'WLDS' for ordinary shares and 'WLDSW' for warrants. Details on risks and uncertainties are outlined in the risk factors section.

Form Type: F-1

Filing Date: 2024-12-23

Corporate Action: Ipo

Type: New

Accession Number: 000121390024111955

Filing Summary: Wearable Devices Ltd. is a growth company based in Israel, working to develop a non-invasive neural input interface for controlling digital devices through subtle gestures. The registration statement filed on December 23, 2024, aims to offer a public sale of its securities, including up to ordinary shares and accompanying warrants. The company has transitioned from R&D to commercialization of its products. Notably, it introduced the 'Mudra Band' as its first consumer product targeting gesture control. The company has also launched the 'Mudra Link' wearable wristband that is open for pre-orders and expected to ship in early 2025. As of the filing, Wearable Devices reported revenues of $82 thousand in 2023, with losses of $7.8 million. The offering aims to raise funds without a minimum and will utilize net proceeds for working capital and corporate purposes. The securities will be issued in a 'best efforts' offering structure, with the placement agent A.G.P. involved in facilitating the sale of these securities. The offering might terminate on February 28, 2025, unless completed sooner. The estimated public offering price is not finalized, and investors should consider risks associated with investing in the company's securities, including their limited liquidity based on the nature of the products offered in this public offering.

Form Type: CORRESP

Filing Date: 2024-12-19

Corporate Action: Ipo

Type: New

Accession Number: 000121390024110551

Filing Summary: Wearable Devices Ltd. is requesting the acceleration of the effective date for its Registration Statement on Form F-1 (File No. 333-283771) to December 23, 2024, at 4:15 p.m. Eastern Time. This request is made pursuant to Rule 461 under the Securities Act of 1933. The company acknowledges its responsibilities under the Securities Act concerning the proposed public offering detailed in the Registration Statement. The request for effectiveness confirmation is directed to Eric Victorson, Esq. at Sullivan & Worcester LLP, with a provided contact number for follow-up.