WRAP TECHNOLOGIES, INC. [WRAP] - Registered Direct Offering
WRAP Technologies, Inc. is conducting a registered direct offering at a purchase price of $1.40 per share, expecting gross proceeds of approximately $12.0 million before expenses.
Why this matters
WRAP Technologies, Inc. is a global public safety technology and training company that develops tools and training programs aimed at enhancing law enforcement and public safety operations. The company has announced a registered direct offering, pricing 8,571,609 shares of its common stock at $1.40 per share, with expected gross proceeds of approximately $12.0 million before expenses. The offering involves a fundamental institutional investor and an existing investor, with Maxim Group LLC acting as the sole placement agent. The proceeds are intended for general corporate purposes and working capital, including potential future business expansion. The offering is expected to close around August 18, 2026, subject to customary closing conditions.