Yokneam Illit, Israel, April  20, 2026  (GLOBE NEWSWIRE) --  Wearable Devices Ltd. (NASDAQ:WLDS, WLDSW)) (&#34;Wearable Devices&#34; or the &#34;Company&#34;), a technology growth company specializing in artificial intelligence

WLDS

Wearable Devices Announces a Warrant Inducement Transaction for $5.0 Million in Gross Proceeds

Wearable Devices Secures $5M Through Warrant Inducement Agreement

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  <section data-block="information">
    <h3>Information</h3>
    <p>Yokneam Illit, Israel, April  20, 2026  (GLOBE NEWSWIRE) --  Wearable Devices Ltd. (NASDAQ:WLDS, WLDSW)) (&amp;#34;Wearable Devices&amp;#34; or the &amp;#34;Company&amp;#34;), a technology growth company specializing in artificial intelligence</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Wearable Devices Ltd. has entered into a warrant inducement agreement worth approximately $5.0 million, which will enhance its working capital for future efforts. The issued new warrants at $1.51 could provide valuable liquidity and investor confidence as the company navigates its growth trajectory.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Wearable Devices enters a warrant inducement agreement for $5.0 million.</li><li>Existing shares warrant exercise price is $1.73 per share.</li><li>New warrants issued at $1.51, expiring in five years.</li><li>Proceeds will fund working capital and corporate purposes.</li><li>Transaction expected to close around April 21, 2026.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Wearable Devices Ltd. (WLDS)</strong>: Securing funding bolsters growth prospects and operational resilience.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This situation falls under &#039;Corporate Developments&#039; reflecting significant capital raising efforts that can influence future growth and valuation metrics positively.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Proceeds may enhance product development and operational capabilities.</li><li>Liquidity position improved, potentially attracting further institutional investments.</li><li>Positive market sentiment expected as investors gauge future growth post-funding.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Gross proceeds of $5.0 million from existing warrant exercises.</li><li>Exercise price for new warrants set at $1.51 per share.</li><li>Transaction expected to close on or around April 21, 2026.</li><li>Company specializes in AI-powered touchless wearables for diverse applications.</li><li>New warrants issued will expire in five years.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish on WLDS due to increased capital for growth initiatives in the next quarter.</p>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">Yokneam Illit, Israel, April  20, 2026  (GLOBE NEWSWIRE) --  Wearable Devices Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/WLDS">WLDS</a>, WLDSW)) ("Wearable Devices" or the "Company"), a technology growth company specializing in artificial intelligence ("AI")-powered touchless sensing wearables, today announced its entry into a warrant inducement agreement with an existing institutional investor of the Company for the immediate exercise of warrants to purchase up to 2,904,499 of its ordinary shares (the "Existing Warrants") at an exercise price of $1.73 per share for gross cash proceeds of approximately $5.0 million, before deducting fees and other transaction expenses. The Company intends to use the net proceeds from the warrant inducement transaction for working capital and other general corporate purposes.</p>  <p>A.G.P./Alliance Global Partners is acting as the exclusive financial advisor in this warrant inducement transaction.</p>  <p align="justify">In consideration for the immediate exercise in full of the Existing Warrants for cash, the investor will receive in a private placement new unregistered warrants to purchase up to 5,082,873 of its ordinary shares (the "New Warrants"). The New Warrants will have an exercise price of $1.51 per share, will be exercisable immediately, and will expire five (5) years from the date of issuance. The closing of the warrant inducement transaction is expected to occur on or about April 21, 2026, subject to satisfaction of customary closing conditions.</p>  <p align="justify">The private placement of the New Warrants and the shares underlying the New Warrants offered to the institutional investor will be made in reliance on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"), and Regulation D promulgated thereunder. Accordingly, the securities issued in the private placement may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.</p>  <p align="justify">This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in this warrant inducement transaction, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.</p>  <p align="justify"><b>About Wearable Devices </b></p>  <p align="justify">Wearable Devices Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/WLDS">WLDS</a>, WLDSW)) 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. Operating through a dual-channel model of direct-to-consumer sales and enterprise licensing and collaborations, Wearable Devices empowers 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. Wearable Devices' ordinary shares and warrants trade on the Nasdaq Capital Market under the symbols "WLDS" and "WLDSW," respectively.</p>  <p align="justify"><b>Forward-Looking Statements Disclaimer</b></p>  <p align="justify">This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the "safe harbor" created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as "believe," "expect," "may," "should," "could," "seek," "intend," "plan," "goal," "estimate," "anticipate" or other comparable terms. For example, we are using forward-looking statements when we discuss the expected closing date of the warrant inducement transaction, including the closing of the private placement, the use of proceeds, the issuance of the New Warrants and the satisfaction of customary closing conditions. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the trading of our ordinary shares or warrants and the development of a liquid trading market; our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2025, filed on March 12, 2026 and our other filings with the Securities and Exchange Commission. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.</p>  <p align="justify"><b>Investor Relations Contact</b></p>  <p>Michal Efraty<br></br><a href="https://www.globenewswire.com/Tracker?data=Tiz5_UALfPT9I6lUxqnAv7_sdbcD4q3vvexOW7hi7io3ra2MPM_aFV5ygaQCGCwG2mM4dmd-_KxpnJ0gOe8X22NyhpotGG0lwD6U1cXKDoLa1U3qK-qzXzx2wQ3d4mn2c04qvLYqeH6JafD9gIweaEJDdIl2JUZHTRbVazlJvFkRrtxbvOCjRYAOOcYkCKrWVcfamrfoiDLm88gzSI_cAgMS_hXFKOx_jgYXx-S65wGOt4-5Bmg8_kuN95KlMwMJkvAPXJe5oU1_2NEVDwNFnw==" rel="nofollow" target="_blank">IR@wearabledevices.co.il</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY5MzIzMyM3NTQ1MjU5IzUwMDEwODk0Nw=="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/OGJmOWRlZTItZDkyMy00ZWMyLWFkODktYWVjMzQ5YTZhYjY1LTUwMDEwODk0Ny0yMDI2LTA0LTIwLWVu/tiny/Wearable-Devices-Ltd-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/2fc8eace-a0eb-49ae-ae65-a1817cffada0"><img src="https://ml.globenewswire.com/media/2fc8eace-a0eb-49ae-ae65-a1817cffada0/small/wearablelogo1-jpg.jpg" border="0" width="150" height="49" alt="Primary Logo"></img></a></p>

Wearable Devices Ltd. has entered into a warrant inducement agreement worth approximately $5.0 million, which will enhance its working capital for future efforts. The issued new warrants at $1.51 could provide valuable liquidity and investor confidence as the company navigates its growth trajectory.

Wearable Devices Announces a Warrant Inducement Transaction for $5.0 Million in Gross Proceeds

AI Summary

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Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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