Wrap Technologies shares rise 12.62% intraday after partnering with K-Form Inc. to expand supply chain and production capacity for non-lethal response and CUAS systems.

Wrap Technologies surged 12.62% intraday, with the company announcing a strategic partnership with K-Form Inc. to expand supply chain and production for non-lethal response and CUAS systems, supporting BolaWrap 150, MERLIN-Interdictor, and other products. As a global leader in non-lethal public safety and defense technologies, Wrap Technologies specializes in BolaWrap remote restraint devices and WrapReality VR training systems. The company previously reported Q3 earnings on November 12, with $2.