Wearable Devices (NASDAQ: WLDS) disclosed plans to implement a 1-for-3 reverse share split of its ordinary shares and publicly traded warrants, effective at market open on June 22, 2026. The move is designed to elevate the per-share trading price and regain compliance with Nasdaq's $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market, according to a company announcement.
The reverse split, previously approved by shareholders and the board of directors, will reduce the number of outstanding ordinary shares from approximately 6.57 million to 2.19 million and decrease publicly held warrants from roughly 32,886 to 10,962, subject to rounding adjustments. Wearable Devices emphasized that the transaction will not alter shareholders' proportional ownership interests, aside from minor changes resulting from fractional share treatment. Corresponding adjustments will be made to outstanding options, warrants, restricted share awards, and equity incentive plans.
Wearable Devices Ltd. (NASDAQ: WLDS, WLDSW) is a growth company pioneering human-computer interaction through AI-powered neural input touchless technology. Its consumer products, the Mudra Band and Mudra Link, 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, serving markets in gaming, productivity, and extended reality (XR). The newly launched ai6 Labs ecosystem integrates research, products, and AI breakthroughs to advance this vision.
For more details on the reverse split, visit the full press release at https://ibn.fm/nXyEK. The latest news and updates relating to WLDS are available in the company's newsroom at https://ibn.fm/WLDS.
