Wearable Devices Ltd., a technology growth company specializing in artificial intelligence-powered touchless sensing wearables, announced it will implement a one-for-three reverse split of its ordinary shares and tradable warrants, effective when trading begins on a split-adjusted basis on March 11, 2026. The action is intended to increase the company's per-share trading price to regain compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market. Following the reverse split, the number of issued and outstanding ordinary shares will be reduced from 10,593,227 to approximately 3,531,076, while publicly held warrants will decrease from 98,589 to about 32,863, with trading to continue under the existing ticker symbols "WLDS" and "WLDSW."
The move was approved by shareholders at a Feb. 19, 2026 special meeting, and the company expects the reverse split to maintain proportional ownership among shareholders, subject to rounding adjustments for fractional shares. This corporate action represents a strategic effort to preserve the company's Nasdaq listing status, which provides greater visibility and credibility in financial markets compared to over-the-counter trading platforms. Maintaining a Nasdaq listing is particularly important for technology companies seeking to attract institutional investors and maintain access to capital markets for future growth initiatives.
Wearable Devices Ltd. is a growth company pioneering human-computer interaction through its AI-powered neural input touchless technology. Leveraging proprietary sensors, software, and advanced AI algorithms, the Company's consumer products – the Mudra Band and Mudra Link – are defining the neural input category both for wrist-worn devices and for brain-computer interfaces. These products enable touch-free, intuitive control of digital devices using gestures across multiple operating systems. The company operates through a dual-channel model of direct-to-consumer sales and enterprise licensing and collaborations, providing consumers with stylish, functional wearables for enhanced experiences in gaming, productivity, and XR.
In the business sector, the Company provides enterprise partners with advanced input solutions for immersive and interactive environments, from augmented reality/virtual reality/XR to smart environments. By setting the standard for neural input in the XR ecosystem, Wearable Devices is shaping the future of seamless, natural user experiences across some of the world's fastest-growing tech markets. The newly launched ai6 Labs ecosystem accelerates this vision by integrating research, products, and AI breakthroughs. The company's latest news and updates relating to WLDS are available in the company's newsroom at https://ibn.fm/WLDS. This reverse stock split represents a critical financial maneuver that allows the company to continue focusing on its core technological development while maintaining the market infrastructure necessary for long-term growth in the competitive wearable technology sector.
