Wrap Technologies raises $5M in private placement to restart manufacturing, fund R&D

WRAP TECHNOLOGIES, INC.

Sold 1.7M shares and 800K pre-funded warrants at $2.00, with 2.5M warrants at $2.30, gross proceeds ~$5M.
Company agreed to file registration statement within 60 days for resale of shares and warrant shares.
Funds to restart domestic manufacturing, rehire key personnel, advance next-gen multi-shot and drone systems.
CEO states capital allows acceleration of growth, manufacturing excellence, and training expansion.
Private placement closed Feb 3, 2026; securities exempt from registration under Reg D.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

WRAP TECHNOLOGIES, INC. entered into Purchase Agreement with certain accredited investors valued at approximately $5 million (effective 2026-02-02).

Action: entry
Agreement: equity purchase
Counterparty: certain accredited investors
Value: approximately $5 million
Effective: 2026-02-02

Exact text from the filing

On February 2, 2026, Wrap Technologies, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with certain accredited investors (collectively, the “Purchasers”) for the issuance and sale in a private placement (the “Private Placement”) of (i) an aggregate of 1,700,000 shares (the “Common Shares”) of common stock of the Company, par value $0.0001 per share (the “Common Stock”), (ii) pre-funded warrants to purchase up to 800,000 shares of Common Stock (the “Pre-Funded Warrants”), with an exercise price of $0.0001 per share, and (iii) common warrants to purchase up to 2,500,000 shares of Common Stock (the “Common Warrants”, together with the Pre-Funded Warrants, the “Warrants”), with an exercise price of $2.30 per share.

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WRAP TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001493152-26-005110

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