Wrap Technologies Closes $12 Million Offering to Fuel Expansion of Public Safety Solutions

Wrap Technologies, Inc. (NASDAQ: WRAP), a global public safety technology company, has announced the closing of its registered direct offering, raising approximately $12 million in gross proceeds. The offering involved the sale of 8,571,609 shares of common stock, or pre-funded warrants in lieu thereof, at a price of $1.40 per share. The transaction included participation from a fundamental institutional investor and an existing investor, with Maxim Group LLC acting as the sole placement agent.

The company intends to utilize the net proceeds for general corporate purposes and working capital, including future planned business expansion. This capital infusion comes at a time when Wrap Technologies is scaling its portfolio of public safety solutions, which include the BolaWrap 150, Wrap Reality immersive training platform, WrapVision body-worn camera system, and next-generation counter-unmanned aircraft systems (C-UAS) like PAN-DA and the 1KC Kinetic Anti-Drone Cassette.

Wrap Technologies is recognized for its innovative approach to public safety, particularly with the BolaWrap 150, a non-lethal restraint device designed to provide law enforcement with a safer alternative during critical incidents. Unlike traditional tools, BolaWrap deploys a multi-sensory distraction followed by a non-lethal restraint, aiming to reduce injuries to officers, subjects, and the community. The device is already used by over 1,000 agencies across the U.S. and in 60 countries, with training certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST).

The company's expansion efforts are also evident in its Wrap Reality virtual reality training simulator, which offers first responders realistic, interactive scenarios to enhance decision-making under stress. Additionally, WrapVision, a body-worn camera and evidence management system powered by IONODES, is designed to streamline cloud integration and ensure data integrity, with a made-in-America roadmap projected for early 2026. This focus on domestic manufacturing addresses concerns over unauthorized access and foreign surveillance risks.

This capital raise signals continued confidence in Wrap Technologies' mission to provide safer, scalable, and cost-effective technologies for public safety, defense, and critical infrastructure markets. The proceeds will support the company's growth initiatives, potentially expanding its reach and impact in the public safety sector.

For more information on Wrap Technologies and its latest developments, visit their newsroom at https://ibn.fm/WRAP.