Wearable Devices Ltd.

Wearable Devices Ltd. (WLDS) priced its initial public offering on Sep 15, 2022 at $4.23 per share, below its $5.20–$7.20 range, raising $15.9M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $63.5M. Aegis Capital was lead-left underwriter. Sullivan & Worcester advised the company and Kaufman & Canoles advised the underwriters.

Wearable Devices Ltd. develops a non-invasive neural input interface worn on the wrist that controls digital devices through subtle finger movements. It serves business and consumer customers and is preparing to launch its first consumer product, the Mudra Band.

Status

IPO

Ticker

WLDS

Exchange

Nasdaq Capital Market

Priced

Sep 15, 2022

IPO price

$4.23

Price range

$5.20–$7.20

Raised

$15.9M

Market cap at IPO price

$63.5M

First filed

Feb 18, 2022

Underwriters

Aegis Capital

Company counsel

Sullivan & Worcester

Underwriters' counsel

Kaufman & Canoles

Sector

Technology

Country / state

Israel

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.