Wrap Technologies is trading 6.3% down at $1.98 in pre-market sessions today, driven by concerns over potential dilution from an active S-3 resale shelf. - The resale shelf covers 5 million shares, representing approximately 9.17% potential dilution. - This dilution is related to the $5 million private placement announced in February 2026, which included common stock and warrants priced at $2.00 per share. - The capital from the February 2026 private placement was intended to restart domestic manufacturing operations and fund growth initiatives.