WRAP Technologies (WRAP) Announces 6.9M Share Offering at $1.45/sh
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WRAP Technologies, Inc. Announces $10 Million Offering
June 30, 2023 8:05 AM EDTTEMPE, Ariz., June 30, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies (Nasdaq: WRAP) (Wrap or the Company), a global pioneer in innovative public safety solutions, announced today that it has executed a securities purchase agreement with certain directors of the Company and certain accredited and institutional investors to raise gross proceeds of approximately $10 million in a registered direct offering of convertible preferred stock and warrants. The offering is expected to close on July 3, 2023, subject to the satisfaction of customary closing conditions.
The securities purchase agreement provides for the sale of preferred stock with a conversion price... More
