ATF rules BolaWrap 150 is not a firearm under federal law
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Wrap Technologies Receives Historic ATF Ruling Formally Classifying BolaWrap® 150 as an Instrument of Restraint — Not a Firearm or Weapon Under Federal Law
July 6, 2026 7:00 AM EDTATF Ruling 2026-2 Removes Federal Procurement Barriers Across Corrections, Civilian Safety, International Deployment, and Autonomous Response Markets
MIAMI, July 06, 2026 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (Wrap or, the Company), a global public safety technology company, today announced that the ATF has issued Ruling 2026-2, formally determining that the BolaWrap® 150 is not a "firearm" under the Gun Control Act (18 U.S.C. § 921(a)(3)) and not an "any other weapon" under the National Firearms Act (NFA).
The ruling, signed by ATF Director Robert Cekada and which was effective as of... More
