Wrap Technologies, Inc. said in a filing that it has closed a previously announced registered direct offering of common stock, raising approximately $12.0 million in gross proceeds.
The offering consisted of 8,571,609 shares of common stock, or pre-funded warrants in lieu thereof, priced at $1.40 per share, according to the filing.
The Company said the offering involved a fundamental institutional investor and an existing investor of the Company.
Wrap Technologies said it intends to use the proceeds for general corporate purposes and working capital, including for any future planned business expansion.
Maxim Group LLC acted as the sole placement agent for the offering, the filing said.
The securities were offered under a shelf registration statement on Form S-3, which the SEC declared effective on December 18, 2025, according to the filing. The offering was made only through a prospectus supplement and accompanying prospectus filed with the SEC.
Wrap Technologies described itself in the filing as a global public safety technology company delivering intelligent detection, orchestration and response solutions designed for the next generation of autonomous public safety.
$WRAPWrap TechnologiesPrice$2 ▲2.56%Net sentiment—Mentions · 30d—Avg volume409,427View on the dashboardFinazon · prior-day close · Aug 7, 2026