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Wearable Devices Priced, Nasdaq: WLDS

Developing non-invasive neural input technology for consumer electronics.

Industry: Consumer Discretionary

Latest Trade: $1.88 0.00 (0.0%)

First Day Return: -32.9%

Return from IPO: -55.8%

Industry: Consumer Discretionary

We are a growth company developing a non-invasive neural input interface in the form of a wrist wearable band for controlling digital devices using subtle finger movements. Since our technology was introduced to the market in 2014, we have been working with both B2B and B2C customers as part of our push-pull strategy. We are now in the transition phase from research and development to commercialization of our technology into B2B products. At the same time, we are in the final stage of manufacturing our first B2C consumer product, the “Mudra Band” wristband, an aftermarket accessory band for the Apple Watch which allows touchless operation and control of the watch. Our company’s vision is to create a world in which the user’s hand becomes a universal input device for touchlessly interacting with technology. We believe that our technology is setting the standard input interface for the Metaverse. According to an article “CES 2021: The Mudra Band and How Wearable Devices Defining the Future of Immersive Customer Experiences,” published in January 2021 by Futurum Research, the Mudra Band has the potential to bring a whole new level of accessibility and immersive experiences to the wearer of the device. Moreover, according to the article, what sets the Mudra Band apart from similar technology is its add-on approach to interface with existing commands, as opposed to fixing the technology into the controlled device.
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IPO Data
IPO File Date 02/18/2022
Offer Price $4.25
Price Range $5.20 - $7.20
Offer Shares (mm) 3.8
Deal Size ($mm) $16
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/12/2022
Offer Price $4.25
Price Range $5.20 - $7.20
Offer Shares (mm) 3.8
Deal Size ($mm) $16
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Aegis Capital Corp.
Company Data
Headquarters Yokne'am Illit, Israel
Founded 2014
Employees at IPO 24
Website www.wearabledevices.co.il

Wearable Devices (WLDS) Performance