WRAP TECHNOLOGIES Announces $12M Registered Direct Offering

What Happened
WRAP TECHNOLOGIES, Inc. announced that on August 16, 2026 it entered a purchase agreement with an institutional investor and an existing investor and closed a registered direct offering on August 18, 2026. The Company issued 5,771,519 shares of common stock and pre-funded warrants to purchase up to 2,800,090 additional shares. The purchase price was $1.40 per share or $1.3999 per pre-funded warrant, and the gross proceeds were approximately $12.0 million before offering expenses. The Company said it expects to use net proceeds for working capital and general corporate purposes, including potential future business expansion. A press release announcing the closing was attached to the 8‑K as Exhibit 99.1.

Key Details

• Offering closed: August 18, 2026 (purchase agreement dated August 16, 2026).
• Securities issued: 5,771,519 common shares and pre-funded warrants covering up to 2,800,090 shares.
• Price: $1.40 per common share or $1.3999 per pre-funded warrant.
• Gross proceeds: approximately $12.0 million (before offering expenses).

Why It Matters
This transaction provides WRAP with additional liquidity to fund operations and pursue planned business expansion. The issuance increases the number of securities outstanding (the pre-funded warrants can be exercised into shares), which is important for current shareholders to note because it can dilute existing equity when exercised. The filing also signals institutional and existing investor participation in the offering.