Curated News
By: NewsRamp Editorial Staff
August 19, 2026
Wrap Technologies Raises $12M to Expand Public Safety Tech
TLDR
- Wrap Technologies raised $12M, boosting its financial position for expansion and competitive edge in public safety tech.
- Wrap's $12M offering, with 8.57M shares at $1.40, funds working capital and growth; proceeds after fees support planned expansion.
- Wrap's non-lethal BolaWrap and VR training reduce injuries and improve safety for officers and communities, enhancing public trust.
- Wrap's BolaWrap, used by 1,000+ agencies and in 60 countries, deploys a patented restraint that enhances pre-escalation tactics.
Impact - Why it Matters
This capital raise enables Wrap Technologies to accelerate its mission of providing safer, non-lethal solutions for law enforcement, potentially reducing injuries and fatalities in encounters. As agencies adopt tools like BolaWrap and WrapReality, communities may see improved outcomes in critical incidents. The investment also supports the development of made-in-America technology, addressing national security concerns and boosting domestic manufacturing.
Summary
Wrap Technologies (NASDAQ: WRAP), a global leader in public safety technology, has successfully closed a registered direct offering, raising approximately $12 million in gross proceeds. The offering involved the sale of 8,571,609 shares of common stock or pre-funded warrants at $1.40 per share to a fundamental institutional investor and an existing investor. Maxim Group LLC served as the sole placement agent. The funds will be used for general corporate purposes and working capital, including future business expansion. This capital injection comes as the company continues to innovate in the public safety sector, with a portfolio that includes the BolaWrap 150, a non-lethal restraint device used by over 1,000 agencies in the U.S. and 60 countries, as well as the Wrap Reality training platform, WrapVision body-worn cameras, and advanced counter-drone solutions. The company's commitment to providing safer, scalable, and cost-effective technologies is underscored by its focus on non-lethal tools that create time and distance in critical incidents, reducing injury risks for officers and subjects alike.
The BolaWrap 150, a patented device, deploys a multi-sensory distraction followed by a non-lethal restraint, offering law enforcement a safer alternative to higher-force options. Its training is certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST). WrapReality VR provides immersive training for first responders, while WrapVision, powered by IONODES, offers a secure evidence management system with a made-in-America roadmap projected for early 2026. The company's next-generation C-UAS solutions, including PAN-DA and the 1KC Kinetic Anti-Drone Cassette, address modern security challenges. With a growing demand for non-lethal tools, Wrap Technologies is positioning itself as a key player in the evolution of public safety. For the full press release, visit https://ibn.fm/S1XsK. More updates can be found in the company's newsroom at https://ibn.fm/WRAP.
Source Statement
This curated news summary relied on content distributed by InvestorBrandNetwork (IBN). Read the original source here, Wrap Technologies Raises $12M to Expand Public Safety Tech
