Backing TapBand's maker will cost $1,000 from October 23, and some perks are going
Tap Systems has told the SEC that the minimum investment in its equity crowdfunding round rises to $1,000 on October 23 and that certain perks are being removed, and the wristband the money is meant to build is still a waitlist. The amendment the company filed on October 14 sets the change out in its own words: "Removal of certain perks; increase in the minimum investment to $1,000, excluding the Investor Transaction Fee, effective October 23, 2026; changes to officers and board composition; and extension of the offering deadline to January 30, 2027."
Tap Systems publishes this TapBand photograph on its own product page. Image: Tap Systems
That deadline was November 30, 2026 in the offering Tap filed on June 15 and in an update it filed on July 10, so the round has two months longer to run than the version that was on file before October 14. The amendment does not say what the minimum investment was before the increase, and it says no more about the officer and board changes than that one line.
The accounts have not moved since June
Tap is selling common stock at $5.00 a share, with a stated minimum target of $10,003.28 and a maximum of $4,999,997.03, and over-subscriptions accepted "At the discretion of the Company". DealMaker Securities takes a cash fee of 8.5% of the amount sold, plus a $42,500 advance setup fee and $15,000 a month.
One of the images on Tap's own page for the calls feature. Image: Tap Systems
The one figure Tap has published on how the round is going is three months old. A progress update it filed on July 10 says the offering "successfully reached its Target Offering Amount on July 9, 2026, having closed on funds totaling $71,153.90", and nothing newer than that is on file.
The annual figures the amendment carries are the same ones Tap reported in June, so the terms have changed and the accounts behind them have not. Revenue for the most recent fiscal year was $172,568 against $306,454 the year before, and the cost of goods sold dropped further still, from $442,180 to $116,159. The net loss narrowed slightly, to $2,351,050 from $2,572,128.
Cash and equivalents stood at $180,944, down from $260,006, against total assets of $360,278 and long-term debt of $10,827,643, up from $9,262,184. Tap gives its headcount as 11 and does not label either fiscal year, so the document establishes the direction and not the calendar.
Small glasses and wearables firms publish numbers almost nowhere else, which is why a form like this one is where they surface. Foxx, which makes the iVision6 AI glasses, disclosed a $52.7 million loss the same way in a 10-K filed on September 28.
Tap's own illustration for music control. Image: Tap Systems
TapBand takes waitlist signups and nothing else
TapBand is the product the round is pitched around, and Tap says it "attaches to your Apple Watch and puts full control of your AI glasses at your fingertips". The page claims 145 customisable gestures, eight hours of battery life and control of music, camera, calls and AI prompts, with "Works with any LLM" and "Works with any music app" printed beside them.
It carries no price, and every call to action for the band reads "Join Waitlist", so the $1,000 minimum buys stock in Tap Systems rather than a band.
Tap's own illustration for triggering AI commands. Image: Tap Systems
A rival wristband costs $499
Wearable Devices, a different company with different technology, sells Mudra Link as a $499 EMG wristband that Xreal's Beam Pro reads as an ordinary Bluetooth mouse. It reads forearm muscle signals from the wrist, where TapBand is a strap that turns an Apple Watch into the controller, and it can be ordered from Wearable Devices' own store rather than joined.
Nothing here is a company announcement. A Form C/A is what a company files to change the terms of a round that is already open, and what Tap has changed is the price of entry: $1,000 from October 23, with the deadline now January 30, 2027.
