Common Stock, par value $0.0001 per share
- Symbol
- WRAP
- Exchange
- NASDAQ
- Classification
- COMMON
- Status
- Current
Current Report · Items 8.01, 9.01 · 8-K
Wrap Technologies, Inc.
WRAPNASDAQEQUITYCurrent
Other Events
Item 8.01 Other Events As previously disclosed on Wrap Technologies, Inc.’s (the “Company”) Current Report on Form 8-K filed with the Securities and Exchange Commission on August 18, 2026, on August 16, 2026, the Company entered into a securities purchase agreement (the “Purchase Agreement”) with a certain institutional investor and an existing investor (the “Investors”), pursuant to which the Com…
Press release in this filing
Wrap Technologies Announces the Closing of $12.0 Million Registered Direct Offering of Common Stock →Company context
Current securities
Historical securities (1)
Registered securities in this filing
WRAP TECHNOLOGIES, INC. · 8-K · Filed 2026-08-18
Disclosure sections
Item 8.01Item 8.01 - Other Events
Item
8.01 Other Events
As
previously disclosed on Wrap Technologies, Inc.’s (the “Company”) Current Report on Form 8-K filed with the Securities
and Exchange Commission on August 18, 2026, on August 16, 2026, the Company entered into a securities purchase agreement (the “Purchase
Agreement”) with a certain institutional investor and an existing investor (the “Investors”), pursuant to which the
Company agreed to issue and sell in a registered direct offering (the “Offering”) 5,771,519 shares (the “Shares”)
of the Company’s common stock, par value $0.0001 per share, and Pre-Funded Warrants (the “Pre-Funded Warrants”) to
purchase up to 2,800,090 shares of Common Stock (the “Pre-Funded Warrant Shares”) at a purchase price of $1.40 per share
or $1.3999 per Pre-Funded Warrant.
The
Offering closed on August 18, 2026. The gross proceeds to the Company from the Offering were approximately $12.0 million before deducting
offering expenses payable by the Company. The Company currently plans to use the net proceeds from the Offering for working capital and
general corporate purposes, including for any future planned business expansion.
On
August 18, 2026, the Company issued a press release announcing the closing of the Offering. A copy of the press release is attached hereto
as Exhibit 99.1 and is incorporated herein by reference.
Filed exhibits (1)
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Wrap Technologies Announces the Closing of $12.0 Million Registered Direct Offering of Common Stock MIAMI, August 18, 2026 (GLOBE NEWSWIRE) - Wrap Technologies, Inc. (Nasdaq: WRAP) (“WRAP” or the “Company”), a global public safety technology company delivering intelligent detection, orchestration and response solutions designed for the next generation of autonomous public safety, today announced it has closed its previously announced registered direct offering (the “Offering”) with a fundamental institutional investor and an existing investor of the Company, consisting of 8,571,609 shares of the Company’s common stock (or pre-funded warrants in-lieu thereof) at an offering price of $1.40 per share. The gross proceeds to the Company from the Offering were approximately $12.0 million before deducting placement agent fees and other Offering expenses. The Company intends to use the proceeds from the Offering for general corporate purposes and working capital, including for any future planned business expansion. Maxim Group LLC acted as the sole placement agent in connection with the Offering. The securities were offered pursuant to a sh…
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