🔴 Wrap Technologies is trading 9.57% down in pre-market after a $12 million registered direct offering

Wrap Technologies is trading at $1.70 (-9.57%) in pre-market after announcing a $12.0 million registered direct offering, creating dilution pressure.

• The offering includes 8,571,609 shares or pre-funded warrants at $1.40 per share and is expected to close around August 18, 2026.
• Proceeds are intended for general corporate purposes, working capital, and potential expansion.
• No additional company-specific negative announcement was identified; limited broad-market movement makes macro sentiment an unlikely primary driver.