# WRAP TECHNOLOGIES, INC. (WRAP) — capital_raise [completed]
Source: sec.gov · situation sit_87ddb666cca028c8e0f5 · public 3236353690425965827 · retrieved 2026-08-19T12:00:30.585Z

## Overview
Wrap Technologies, Inc. is a global public safety technology and training company focused on developing tools, training and capabilities designed to support awareness, earlier intervention and more appropriate responses to challenging encounters.

Wrap Technologies, Inc. entered into a securities purchase agreement on August 16, 2026, with institutional and existing investors to conduct a registered direct offering. The company issued 5,771,519 shares of common stock and pre-funded warrants to purchase up to 2,800,090 shares at a purchase price of $1.40 per share (or $1.3999 per pre-funded warrant). The offering closed on August 18, 2026, generating gross proceeds of approximately $12.0 million before offering expenses. The company intends to use the net proceeds for working capital and general corporate purposes, including potential future business expansion.

## Terms
- Counterparty: Institutional investor and existing investor · Deal value: $12.0M · Consideration: cash · Price/share: $1.4

## Key dates
- Announced 2026-08-18 · Expected close 2026-08-18 · Completed 2026-08-18

## Timeline
- 2026-08-18 · 8-K (0001493152-26-038916): 8-K - WRAP TECHNOLOGIES, INC. — *Wrap Technologies, Inc. manufactures ordnance and accessories (excluding vehicles and guided missiles).* On August 16, 2026, Wrap Technologies, Inc. entered into a securities purchase agreement to issue and sell 5,771,519 shares of common stock at $1.40 per share and 2,800,090 pre-funded warrants at $1.3999 per warrant in a registered direct offering. The gross proceeds are expected to be approximately $12.0 million before offering expenses. The pre-funded warrants have an initial exercise price of $0.0001 per share and may be exercised at any time until exercised in full, subject to a beneficial ownership limitation of 4.99% (or 9.99% at the holder's election). The offering is expected to close on August 18, 2026, subject to customary closing conditions. The company plans to use the net proceeds for working capital and general corporate purposes, including potential future business expansion.
  https://www.sec.gov/Archives/edgar/data/1702924/0001493152-26-038916.txt
- 2026-08-18 · 8-K (0001493152-26-039044): 8-K - WRAP TECHNOLOGIES, INC. — *Wrap Technologies, Inc. is a global public safety technology and training company focused on developing tools, training and capabilities designed to support awareness, earlier intervention and more appropriate responses to challenging encounters.* Wrap Technologies, Inc. entered into a securities purchase agreement on August 16, 2026, with institutional and existing investors to conduct a registered direct offering. The company issued 5,771,519 shares of common stock and pre-funded warrants to purchase up to 2,800,090 shares at a purchase price of $1.40 per share (or $1.3999 per pre-funded warrant). The offering closed on August 18, 2026, generating gross proceeds of approximately $12.0 million before offering expenses. The company intends to use the net proceeds for working capital and general corporate purposes, including potential future business expansion.
  https://www.sec.gov/Archives/edgar/data/1702924/0001493152-26-039044.txt

## Citations
- 0001493152-26-038916 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226038916
- 0001493152-26-039044 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226039044