From GlobeNewswire: 2025-02-24 11:08:27

Wrap Technologies announced a private placement offering of 3,216,666 shares of common stock at $1.80 per share, raising approximately $5.8 million. The closing is expected around February 28, 2025, with proceeds going towards working capital and general corporate purposes. The majority of the investment comes from partnerships affiliated with insiders and existing investors, fueling the go-to-market strategy for BolaWrap and Managed Safety and Response (MSR) Connected Ecosystem. The securities were offered in compliance with the Securities Act and Rule 506 of Regulation D. The Company plans to file a resale registration statement covering the securities described above.



Read more at GlobeNewswire: Wrap Technologies Secures $5.8M in Private Placement of