Wearable Devices Ltd.

Wearable Devices Ltd. announced a Notice of Allowance from the China National Intellectual Property Administration for its patent application covering pressure-based gesture control. The allowed application, titled "Method and Apparatus for a Gesture Controlled Interface for Wearable Devices," extends a U.S.-granted intellectual property family covering a wrist-worn band that senses surface nerve conduction signals and turns hand and finger movement into commands without cameras, controllers or touchscreens. The China allowance specifically protects the Company's ability to measure the intensity of a gesture, converting a simple on/off motion into smooth, continuous, pressure-based control. The allowance sits within a broader IP portfolio that now comprises 14 patent matters across the United States, China, and South Korea, six of which have been granted, with priority dates as early as 2015 and protection running as late as 2043. Chief Scientific Officer and co-founder Guy Wagner said securing the protection in China, the world's largest developer, manufacturer and market for robotics and consumer electronics, is an important step for the Company's IP portfolio.

Wearable Devices has priced a $3.3 million private placement with a single institutional investor, selling 1 million ordinary shares and warrants for an additional 1 million shares at a combined price of $3.285 per unit. The warrants carry an exercise price of $3.16 per share, are immediately exercisable, and expire in five years. The offering was priced at-the-market under Nasdaq rules and above the last closing price. The company expects the deal to close around August 3, 2026, and plans to use the net proceeds for commercialization of its Mudra products, development of next-generation lines, advancement of AI6 Labs initiatives including Physical AI and Robotics, potential strategic transactions, and general working capital. A.G.P./Alliance Global Partners acted as sole placement agent.