Wrap Technologies Secures $5.8 Million in Private Placement
Tempe, Ariz. – February 24, 2025 – Wrap Technologies (NASDAQ: WRAP) (“Wrap” or, the “Company”), a leading provider of innovative technology solutions, announced today the execution of a securities purchase agreement with certain investment partnerships affiliated with the Company and accredited and institutional investors. The private placement involves the purchase and sale of:
- 3,216,666 shares of common stock of the Company, at a purchase price of $$1.80 per share of common stock;
- 3,216,666 warrants to purchase common stock, for aggregate proceeds of approximately $$5.8 million.
The warrants are immediately exercisable at an initial exercise price of $1.80 per share, subject to adjustment, and will expire five years from the date of issuance.
Impact on Wrap Technologies
This private placement is expected to provide Wrap with additional capital to support its ongoing business operations, research and development initiatives, and strategic growth plans. The infusion of funds comes at an opportune time for the Company, as it continues to capitalize on emerging market trends in areas such as autonomous vehicles, drones, and security technologies.
Impact on Individual Investors
For individual investors, the private placement may represent an opportunity to gain exposure to Wrap Technologies’ growing business and innovative technology offerings. The issuance of warrants provides potential upside for investors, as the price of Wrap’s common stock could increase above the warrant exercise price, leading to profits. However, it is essential to note that investing in securities carries risk, and potential investors should carefully consider their investment objectives, financial situation, and risk tolerance before making any investment decisions.
Impact on the World
Wrap Technologies’ private placement is a testament to the growing interest in technology solutions that address emerging market needs. The Company’s focus on autonomous vehicles, drones, and security technologies is aligned with global trends that are expected to transform various industries, including transportation, logistics, and public safety. As Wrap continues to innovate and expand its offerings, it may contribute to the development of new technologies that enhance everyday life and drive economic growth.
Conclusion
Wrap Technologies’ successful private placement represents a significant milestone for the Company and its investors. With the addition of $5.8 million in capital, Wrap is well-positioned to execute its growth strategy and capitalize on emerging market trends. For individual investors, the issuance of warrants presents an opportunity to gain exposure to Wrap’s innovative technology offerings. As the world continues to embrace technology solutions that address emerging market needs, Wrap Technologies is poised to contribute to the development of new technologies that enhance everyday life and drive economic growth.
For more information about Wrap Technologies and its innovative technology solutions, please visit the Company’s website at
