Wrap Technologies Raises $12M to Expand Public Safety Technology Portfolio

Wrap Technologies (NASDAQ: WRAP), a global public safety technology company, has closed a registered direct offering that raised approximately $12 million in gross proceeds. The offering involved the sale of 8,571,609 shares of common stock or pre-funded warrants at $1.40 per share to a fundamental institutional investor and an existing investor. Maxim Group LLC served as the sole placement agent for the offering. The company plans to use the proceeds for general corporate purposes and working capital, including future business expansion.

This capital infusion comes at a critical time as Wrap Technologies continues to innovate in the public safety sector. The company's portfolio includes the BolaWrap 150, a non-lethal restraint device that deploys a multi-sensory distraction and restraint mechanism, providing law enforcement with a tool to manage non-compliant individuals without resorting to higher-force options. The BolaWrap 150 is used by over 1,000 agencies across the U.S. and in 60 countries, and its training is certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST).

In addition to the BolaWrap, Wrap Technologies offers the Wrap Reality immersive training platform, which provides first responders with realistic, interactive scenarios to enhance decision-making under stress. The company also recently introduced WrapVision, a body-worn camera and evidence management system designed for efficiency, security, and transparency. WrapVision, powered by IONODES, features streamlined cloud integration and a made-in-America roadmap projected for early 2026, addressing concerns about data integrity and foreign surveillance risks.

The demand for non-lethal tools and techniques is growing, as public safety organizations seek to reduce injuries to officers and civilians during non-criminal calls. The BolaWrap 150 addresses this by expanding the pre-escalation period, giving officers time to manage situations before resorting to force. This approach aligns with the company's mission to provide safer, scalable, and cost-effective technologies for public safety, defense, and critical infrastructure markets.

The successful closing of this offering underscores investor confidence in Wrap Technologies' strategy and market potential. With the additional capital, the company is well-positioned to accelerate its expansion efforts and continue delivering innovative solutions that address the complex challenges facing public safety organizations today.

For more information about Wrap Technologies and its products, visit the company's newsroom at https://ibn.fm/WRAP. The full press release is available at https://ibn.fm/S1XsK.