# Daniel Nissim — capital_raise/private_placement [announced]
Source: SEC API (secapi.ai) · situation sit_b5b441c9f7adaccbda32 · retrieved 2026-08-14T01:39:46.502Z

## Overview
Wearable Devices Ltd. is a computer communications equipment company incorporated in Israel.

On August 7, 2026, shareholders J.B.D Innovation Ltd. and Victor Tshuva & Co. - Law Offices (collectively holding approximately 15.50% voting power) entered into a Cooperation Agreement with Wearable Devices Ltd. to resolve a shareholder demand for a special meeting and related court proceedings challenging a proposed private placement. Effective three business days after dismissal of the court proceedings (which occurred on August 10, 2026), two existing directors will resign and four new directors will be appointed, resulting in a seven-member board. In connection with the agreement, J.B.D Innovation Ltd. committed to provide convertible debt financing of not less than $12.0 million over a 24-month period if the board determines the company lacks sufficient resources to fund operations for the following 24 months; the financing terms are to be negotiated in good faith.

## Terms
- Counterparty: J.B.D Innovation Ltd. and Victor Tshuva & Co. - Law Offices · Deal value: $12.0M · Consideration: mixed · Stake: 15.5%

## Key dates
- Announced 2026-08-11 · Expiry 2028-08-07

## Timeline
- 2026-08-11 · SCHEDULE 13D/A (0001213900-26-087536): SCHEDULE 13D/A - Daniel Nissim — *Wearable Devices Ltd. is a computer communications equipment company incorporated in Israel.* On August 7, 2026, shareholders J.B.D Innovation Ltd. and Victor Tshuva & Co. - Law Offices (collectively holding approximately 15.50% voting power) entered into a Cooperation Agreement with Wearable Devices Ltd. to resolve a shareholder demand for a special meeting and related court proceedings challenging a proposed private placement. Effective three business days after dismissal of the court proceedings (which occurred on August 10, 2026), two existing directors will resign and four new directors will be appointed, resulting in a seven-member board. In connection with the agreement, J.B.D Innovation Ltd. committed to provide convertible debt financing of not less than $12.0 million over a 24-month period if the board determines the company lacks sufficient resources to fund operations for the following 24 months; the financing terms are to be negotiated in good faith.
  https://www.sec.gov/Archives/edgar/data/2092834/0001213900-26-087536.txt

## Citations
- 0001213900-26-087536 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026087536