Wrap Technologies, Inc. announced the closing of its previously announced registered direct offering, raising approximately $12.0 million in gross proceeds before deducting fees and other offering expenses.

Key Details

  • Gross Proceeds: Approximately $12.0 million.
  • Offering Details: The company sold 8,571,609 shares of common stock, or pre-funded warrants in-lieu thereof, at a purchase price of $1.40 per share.
  • Closing Date: The offering closed on August 18, 2026.
  • Use of Proceeds: The net proceeds will be used for working capital and general corporate purposes, including potential future business expansion.