Wrap Technologies (NASDAQ: WRAP), a global public safety technology company, announced on August 19, 2026, the closing of its registered direct offering, which raised 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 investors included 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 from the offering 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 150 device, the Wrap Reality immersive training platform, the WrapVision body-worn camera system, and next-generation counter-unmanned aerial system (C-UAS) solutions like PAN-DA and the 1KC Kinetic Anti-Drone Cassette.
The funding is expected to support the company’s growth initiatives as it responds to increasing demand for non-lethal tools and techniques that provide law enforcement with safer options during critical incidents. The BolaWrap 150, for instance, deploys a multi-sensory distraction and a non-lethal restraint, aiming to reduce the risk of injury to officers, subjects, and the community. It is not pain-based and does not shoot, strike, shock, or incapacitate, instead giving officers more time to manage non-compliant individuals before resorting to higher-force options. The device is used by over 1,000 agencies across the U.S. and in 60 countries, with training certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST).
Wrap Technologies also highlighted its WrapReality VR training simulator, which provides first responders with realistic, interactive scenarios to enhance decision-making under stress, and its WrapVision body-worn camera system, which offers secure evidence management with cloud integration and a made-in-America roadmap projected for early 2026 to address data integrity and security concerns.
The company’s expansion efforts come as public safety agencies increasingly seek scalable and cost-effective technologies. According to the press release, Wrap Technologies is committed to addressing modern challenges facing public safety organizations through innovative solutions. The successful offering provides the company with additional financial resources to pursue these goals.
For more information on the offering, visit the full press release at https://ibn.fm/S1XsK. The latest news and updates relating to WRAP are available in the company’s newsroom at https://ibn.fm/WRAP.
This announcement follows the company’s previous statements about its strategic focus on expanding its public safety portfolio. With the new capital, Wrap Technologies aims to continue its mission of providing safer, scalable, and cost-effective technologies for public safety, defense, and critical infrastructure markets.
