Wrap Technologies closes $12.0 million registered direct stock offering at $1.40 a share
Wrap Technologies, Inc. closed a registered direct offering on August 18, 2026, selling 8,571,609 shares of common stock or pre-funded warrants in lieu of shares at $1.40 per share. Gross proceeds were approximately $12.0 million before placement agent fees and other offering expenses, and the company plans to use them for working capital and general corporate purposes. Shareholders should note that the sale adds new shares to the count, which can dilute existing holders.
Key points
- Offering closed August 18, 2026; the purchase agreement was signed August 16, 2026.
- Total of 8,571,609 shares: 5,771,519 common shares plus pre-funded warrants for up to 2,800,090 shares, priced at $1.40 per share ($1.3999 per pre-funded warrant).
- Gross proceeds of approximately $12.0 million before offering expenses; Maxim Group LLC was the sole placement agent.
- Securities were sold under a Form S-3 shelf registration declared effective December 18, 2025.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 18, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.