Wrap Technologies raises $12M in registered direct offering at $1.40 a share
What's the deal? Wrap TechnologiesDealroom has a profile for this one. Try Dealroom →, the Miami-based public safety technology company, has priced a $12 million registered direct offering, selling 8,571,609 shares of common stock (or pre-funded warrants) at $1.40 each. The buyers were an institutional investor and an existing investor. Maxim GroupDealroom has a profile for this one. Try Dealroom → is acting as sole placement agent.
What's the endgame? Wrap builds detection, orchestration, and response tools for law enforcement, alongside training programs. It plans to use the proceeds for general corporate purposes and working capital, including future business expansion.
Why now? The Nasdaq-listed company (WRAP) tapped a shelf registration on Form S-3 that the US Securities and Exchange Commission declared effective on December 18, 2025. The offering is expected to close on or about August 18, 2026, subject to customary conditions.
The signal: A registered direct offering priced at $1.40 a share points to a smaller company drawing on existing shelf capacity rather than a splashy raise. For Wrap, the fresh working capital keeps its public safety build-out funded as it courts law enforcement budgets and use-of-force procurement.
Read more: The Evening Leader
Image credit: Governor Glenn Youngkin
