Wrap Technologies prices $12M direct offering at $1.40 per share

Wrap Technologies, Inc. (Nasdaq: WRAP) announced the pricing of a registered direct offering of common stock valued at approximately $12.0 million, according to a company statement.

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

The offering is expected to close on or about August 18, 2026, subject to customary closing conditions. Gross proceeds are estimated at $12.0 million before placement agent fees and other expenses.

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 is acting as sole placement agent for the offering. The securities are being offered under a shelf registration statement on Form S-3 that was declared effective by the U.S. Securities and Exchange Commission on December 18, 2025.

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