Wrap Technologies raises $5.8M in private placement; insiders lead investment

WRAP TECHNOLOGIES, INC.

Sold 3,216,666 shares at $1.80/share with warrants for equal shares at $1.80, expiring 5 years.
Majority from investment partnerships affiliated with insiders and existing investors.
Proceeds for working capital and go-to-market for BolaWrap and MSR Connected Ecosystem.
Company plans to file resale registration statement within 60 days.
Second closing of 380,555 shares expected on or about March 3, 2025.

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