LOS ANGELES, CA – Wrap Technologies (NASDAQ: WRAP), a global public safety technology company, 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, to a fundamental institutional investor and an existing investor. Maxim Group LLC served as the sole placement agent for the offering.
The company intends to use 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 expanding its portfolio of public safety solutions, which includes the BolaWrap 150, a non-lethal restraint device, along with training platforms and surveillance technologies. The company’s mission is to provide safer, scalable, and cost-effective technologies for public safety, defense, and critical infrastructure markets.
The BolaWrap 150, a patented device, is designed to help law enforcement de-escalate situations before they require higher-force options. It deploys a multi-sensory distraction of sight and sound, followed by a non-lethal restraint, reducing the risk of injury to officers, subjects, and the community. According to the company, it 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).
Wrap Technologies also offers WrapReality, an immersive virtual reality training simulator that helps first responders practice decision-making under stress, and WrapVision, a body-worn camera system with cloud integration and a made-in-America roadmap projected for early 2026. These technologies are part of a broader trend toward modernizing public safety tools to address complex challenges.
The successful closing of this offering provides Wrap Technologies with additional financial resources to advance its product development and market reach. In the public safety technology industry, such capital raises are often used to fund research, expand sales efforts, and scale operations. This investment could enable the company to accelerate the adoption of its non-lethal solutions, which are increasingly sought after as agencies look for alternatives to traditional force.
For the industry, this funding round highlights investor confidence in non-lethal technologies and the growing demand for tools that create time, distance, and tactical advantage in non-criminal calls. As public safety agencies face scrutiny over use of force, products like BolaWrap offer a way to mitigate risks. The company’s expansion plans may also lead to new partnerships and deployments, potentially impacting how law enforcement operates in communities worldwide.
Wrap Technologies’ forward-looking statements indicate that actual results may differ due to risks and uncertainties, including those detailed in its SEC filings. The company does not undertake to update these statements unless required by law.
For more information, visit the company’s newsroom at https://ibn.fm/WRAP.
