Overview

• Wearable Devices disclosed a direct offering of 1 million shares at $4 each and issued five-year warrants for another 1 million shares at the same price, with closing targeted for Sept. 12 and proceeds earmarked for working capital.
• The U.S. patent covers a gesture and voice controlled interface that integrates hand gestures, voice commands and biometric authentication for wearables and other smart devices.
• First-half 2025 revenue totaled $294,000 from initial Mudra Link wristband sales and ongoing Mudra Band for Apple Watch orders, while net loss narrowed to $3.7 million on lower operating expenses.
• Strategic updates include a project to adapt touchless neural control systems for defense use and a distribution partnership with Japan’s Media Exceed Co. to enter the Japanese market.
• Benzinga Pro data show shares spiked nearly 978% on Wednesday to an intraday high of $10.89 before closing at $5.18, then rose about 18% after hours to $6.12, with Yahoo Finance later citing a 64% gain to $8.53 on Thursday.