Wrap Technologies Announces $12M Registered Direct Offering

What Happened
Wrap Technologies, Inc. (WRAP) filed an 8-K reporting that on August 16, 2026 it entered a securities purchase agreement to sell 5,771,519 shares of common stock and pre-funded warrants to purchase up to 2,800,090 additional shares in a registered direct offering. The securities are being sold at $1.40 per share or $1.3999 per pre-funded warrant, generating gross proceeds of approximately $12.0 million. The offering is expected to close on August 18, 2026, subject to customary closing conditions.

Key Details

• Offering size: 5,771,519 common shares and pre-funded warrants to buy up to 2,800,090 shares; gross proceeds ≈ $12.0M.
• Price: $1.40 per share, $1.3999 per pre-funded warrant; pre-funded warrants have an initial $0.0001 exercise price.
• Ownership limits: warrant holders may not exercise to exceed 4.99% (or elect 9.99% with notice) of outstanding shares, subject to the warrants’ terms.
• Placement agent: Maxim Group LLC; fees = 7.0% of gross proceeds (3.5% on certain investors) plus $75,000 expense reimbursement.

Why It Matters
This financing will provide Wrap Technologies with immediate capital for working capital and general corporate purposes and may support planned business expansion. For shareholders, the offering dilutes existing ownership because new shares and potentially exercisable warrants will increase the share count. Investors should note the price per share and the potential for additional shares if pre-funded warrants are exercised, as well as placement-agent fees that reduce net proceeds.