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An announcement from Wearable Devices Ltd. ( (WLDS) ) is now available.
On January 17, 2025, Wearable Devices Ltd. announced it received a notification from Nasdaq regarding non-compliance with the minimum stockholders’ equity requirement, as the company reported equity of approximately $1,695,000 as of June 30, 2024, falling short of the required $2,500,000. The company has until March 3, 2025, to submit a compliance plan, and if accepted, it could be granted an extension of up to 180 days to meet the requirement. The company expects to regain compliance following proceeds from a recent Standby Equity Purchase Agreement and a registered direct offering.
More about Wearable Devices Ltd.
Wearable Devices Ltd. is a pioneering company in the field of artificial intelligence-based wearable gesture control technology. It specializes in AI-powered neural input technology for consumer and business markets, offering products such as the Mudra Band and Mudra Link, which enable touch-free interaction through finger and wrist movements. The company operates on a dual-channel business model, focusing on direct-to-consumer sales and enterprise licensing, and is setting the standard for input in the XR market.
YTD Price Performance: -29.50%
Average Trading Volume: 789,464
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.63M
Learn more about WLDS stock on TipRanks’ Stock Analysis page.
