Wrap Technologies Secures $5.8M in Private Placement of Securities

Wrap Technologies, Inc. (NASDAQ: WRAP), a leading global provider of advanced public safety solutions, has secured $5.8 million in a private placement of securities. The company announced on February 24, 2025, that it has executed a securities purchase agreement with certain investment partnerships affiliated with the Company and several accredited and institutional investors. The private placement consists of an aggregate of 3,216,666 shares of common stock of the Company, at a purchase price of $1.80 per share of common stock, and accompanying warrants to purchase 3,216,666 shares of common stock. The warrants are immediately exercisable at an initial exercise price of $1.80 per share, subject to adjustment, and expire five years from the date of issuance.



The closing of the private placement is subject to customary closing conditions and is expected to occur on or around February 28, 2025. The Company intends to use the net proceeds of the offering for working capital and general corporate purposes. Key financing highlights include:

* Majority investment comes from investment partnerships affiliated with insiders and several existing investors.
* Fuels go-to-market strategy for BolaWrap and Managed Safety and Response (MSR) Connected Ecosystem, both domestically and internationally.
* Accelerates commitment to deliver Made-in-America end-to-end public safety solutions.
* Bolsters a federal plan for Washington, DC presence.
* Increasing investments in training and customer support to optimize BolaWrap programs.

The securities the private placement offering were offered and sold in transactions exempt from the registration requirements of the Securities Act of 1933, as amended, pursuant to the exemption for transactions by an issuer not involving any public offering under Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D of the Securities Act and in reliance on similar exemptions under applicable state laws. Pursuant to a registration rights agreement, the Company has agreed to file a resale registration statement covering the securities described above.

This private placement of securities is a significant development for Wrap Technologies, as it strengthens the company's financial position and supports its growth prospects. The raised capital will enable Wrap Technologies to invest in its go-to-market strategy, expand its product offerings, and accelerate its commitment to delivering Made-in-America end-to-end public safety solutions. The majority investment from insiders and existing investors demonstrates their confidence in the company's vision and growth prospects, further solidifying Wrap Technologies' position as a global leader in advanced public safety solutions.