Investor group J.B.D Innovation Ltd. and Victor Tshuva & Co. — Law Offices disclosed a $951,425 stake in Wearable Devices Ltd, buying 543,361 ordinary shares at an average $1.751 per share on July 23 for a 24.82% position. In a Monday demand letter, the group called for a special shareholder meeting no later than Sept. 22 to amend the company's articles of association, remove directors Guy Wagner, Eli Bachar, Ilana Lurie and Kobbi Nir, and elect four of its own nominees, citing serial dilutive financings, repeated reverse splits and board entrenchment. The group noted Wearable Devices held roughly $18.4 million in cash as of Dec. 31, 2025, plus $5.0 million in gross proceeds from an April warrant inducement, and demanded the company refrain from further dilution or anti-takeover measures ahead of the vote.