Wearable Devices (WLDS) entered into an exclusive distribution agreement with Sky Commerce. The agreement appoints Sky Commerce as the exclusive distributor for Wearable Devices’ products in the specified territory, marking a strategic expansion into the dynamic South Korean market. Under the Agreement, Sky Commerce will promote, market, and sell the Company’s Mudra Band and Mudra Link neural input wristbands and related services in South Korea, subject to meeting annual minimum purchase targets. Wearable Devices and Sky Commerce are working together to finalize customary KC certification procedures in Korea, which are required prior to the commencement of sales.
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