Wrap Technologies closes $12M stock offering at $1.40 per share

Wrap Technologies, Inc. (Nasdaq: WRAP) has closed a registered direct offering of common stock, raising approximately $12.0 million in gross proceeds before placement agent fees and other expenses, according to a company statement.

The offering consisted of 8,571,609 shares of common stock, or pre-funded warrants in lieu thereof, priced at $1.40 per share. The buyers were described as a fundamental institutional investor and an existing investor in the company.

The company said it intends to use the proceeds for general corporate purposes and working capital, including any future planned business expansion.

Maxim Group LLC served as the sole placement agent for the transaction. The securities were offered under a shelf registration statement on Form S-3 that the U.S. Securities and Exchange Commission declared effective on December 18, 2025.

You May Also Be Interested In

• Saratoga Investment prices $85M in notes due 2031 at 8.00%
• Wrap Technologies Announces the Closing of $12.0 Million Registered Direct Offering of Common Stock
• Amylyx Pharmaceuticals launches $350M common stock offering