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Commercial newswire·US·

Wrap Technologies (WRAP) Closes $12M Registered Direct Offering

LOS ANGELES, CA - August 19, 2026 ( NEWMEDIAWIRE ) - Wrap Technologies (NASDAQ: WRAP) , a global public safety technology company delivering intelligent detection, orchestration and response solutions designed for the next generation of autonomous public safety, announced the closing of its previously announced registered direct offering with a fundamental institutional investor and an existing investor consisting of 8,571,609 shares of common stock, or pre-funded warrants in lieu thereof, at $1.40 per share. Gross proceeds were approximately $12 million before placement agent fees and other offering expenses. Wrap intends to use the proceeds for general corporate purposes and working capital, including future planned business expansion. Maxim Group LLC acted as sole placement agent for the offering. To view the full press release, visit https://ibn.fm/S1XsK About Wrap Technologies, Inc. Wrap Technologies, Inc. is a global leader in innovative public safety technologies and non-lethal tools, delivering cutting-edge technology with exceptional people to address the complex, modern day challenges facing public safety organizations. WRAP’s complete public safety portfolio includes the

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