Wrap Technologies Closes $12 Million Registered Direct Offering to Fund Expansion

Wrap Technologies, Inc. (NASDAQ: WRAP), a global public safety technology company, has closed its previously announced 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 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 broadening its portfolio of public safety solutions, which includes the non-lethal BolaWrap(R) 150 device, the Wrap Reality(R) immersive training platform, the WrapVision(TM) body-worn camera system, and next-generation counter-unmanned aircraft system (C-UAS) solutions. The funding is expected to support the company's strategic initiatives as it continues to address the complex challenges facing public safety organizations worldwide.

The BolaWrap(R) 150, a key product in the company's lineup, is a patented device that deploys a multi-sensory distraction to help officers manage non-compliant subjects before resorting to higher-force options. Unlike traditional tools, it does not shoot, strike, shock, or incapacitate, but instead provides a safer alternative that reduces the risk of injury to officers, subjects, and the community. With over 1,000 agencies in the U.S. and 60 countries using the device, its training is certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST), underscoring the company's commitment to safety and efficacy.

In addition to its flagship device, Wrap Technologies offers WrapReality(TM) VR, a fully immersive training simulator designed to enhance decision-making under stress for first responders. The platform provides realistic, interactive scenarios that reflect modern law enforcement challenges, aiming to equip officers with the skills needed for high-stakes encounters. The company also recently introduced WrapVision, a body-worn camera and evidence management system that emphasizes efficiency, security, and transparency. Powered by IONODES, the camera features streamlined cloud integration and a roadmap for North American assembly by early 2026, addressing concerns about data integrity and foreign surveillance risks.

The successful closing of this offering positions Wrap Technologies to capitalize on the growing demand for non-lethal tools and advanced public safety technologies. As law enforcement agencies increasingly seek solutions that create time, distance, and tactical advantage in non-criminal calls, the company's innovative products are designed to meet these needs. The proceeds from the offering will enable Wrap to continue its mission of providing safer, scalable, and cost-effective technologies for public safety, defense, and critical infrastructure markets.

For more information on the offering and Wrap Technologies' recent developments, visit the company's newsroom at https://ibn.fm/WRAP.