Wrap Technologies, Inc. filings document the public safety technology company's operating results, capital structure, governance actions and material corporate events. Recent Form 8-K reports include earnings releases, private placements of common stock, pre-funded warrants and common warrants, and preferred-stock designations that affect shareholder rights and potential dilution.
Proxy and governance filings cover annual meeting matters, equity compensation plan amendments, authorized-share increases, bylaw amendments, director and officer matters, and stockholder voting standards. These disclosures provide the formal record for WRAP's financing activity, executive and board-related changes, charter and bylaw provisions, and recurring financial reporting as a Nasdaq-listed operating company.
Wrap Technologies, Inc. entered into a registered direct offering with a fundamental institutional investor and an existing investor, offering 8,571,609 shares of common stock (or pre-funded warrants in-lieu thereof) at $1.40 per share, for estimated gross proceeds of $12.0 million before fees and expenses.
The structure includes 5,771,519 shares of common stock and Pre-Funded Warrants to purchase up to 2,800,090 shares, with an initial exercise price of $0.0001 per share and a 4.99% (or 9.99%) Beneficial Ownership Limitation. The company plans to use net proceeds for working capital and general corporate purposes, including future planned business expansion. Maxim Group LLC acts as sole placement agent, earning a 7.0% cash fee on most proceeds, a reduced 3.5% fee on certain investors, plus up to $75,000 in expense reimbursement. Closing is expected on or about August 18, 2026, subject to customary conditions.
Wrap Technologies, Inc. is conducting a shelf takedown offering of 5,771,519 shares of common stock at $1.40 per share and pre-funded warrants to purchase up to 2,800,090 shares at $1.3999 per warrant, with an exercise price of $0.0001 per share. Gross proceeds are expected to be $11,999,972.59, with net proceeds of approximately $10.8 million after a 7% placement fee and estimated expenses. The company plans to use the funds for working capital and general corporate purposes, including future business expansion. Common shares outstanding are expected to be 64,576,572 after the offering, assuming full exercise of the pre-funded warrants, versus 56,004,963 shares outstanding as of August 14, 2026. Pro forma net tangible book value would rise from $0.21 to $0.36 per share, implying an immediate dilution of $1.04 per share to new investors buying in this offering.
Wrap Technologies, Inc. reported sharply higher sales but continued losses for the quarter and six months ended June 30, 2026. Quarterly revenue rose to $2.1 million from $1.0 million a year earlier, driven by stronger BolaWrap 150 device and cassette shipments, while technology-enabled services declined as legacy managed-service contracts wound down. Gross margin improved to 75.3%, but operating expenses of $3.8 million kept the company in a loss position.
Net loss was $2.3 million for the quarter and $6.8 million year-to-date, with results heavily affected by non-cash share-based compensation and the absence of prior-year warrant valuation gains. Liquidity improved: cash reached $4.8 million and working capital $11.6 million, supported by a $5.0 million February 2026 private placement. The business is highly concentrated, with one distributor contributing 74% of Q2 revenue and 76% of receivables. Subsequent to quarter-end, the company invested $2.0 million in Frenel Imaging, secured an exclusive imaging-technology license for its WrapShield platform, and received an ATF ruling confirming the BolaWrap 150 is classified as an instrument of restraint rather than a firearm.
Wrap Technologies, Inc. reported strong second-quarter 2026 results, with total revenue increasing 103% year over year to $2.1 million. Gross profit rose to $1.5 million and gross margin expanded to about 75%. Operating loss improved to $(2.3) million, and net loss also narrowed to $(2.3) million. Cash and cash equivalents were $4.8 million at June 30, 2026, while total liabilities declined to $2.0 million, aided by the termination of a former office lease.
For the first six months of 2026, revenue grew 78% to $3.2 million and gross margin increased to about 71%, with net cash used in operating activities improving to $(3.7) million. Subsequent to quarter end, the ATF classified BolaWrap 150 as a non-firearm, non-weapon instrument of restraint and rescue, expanding potential use cases beyond law enforcement. Wrap also made a strategic investment in Frenel Imaging Ltd. to support its new WrapShield detection platform.
Wrap Technologies, Inc. entered into a securities purchase agreement with Frenel Imaging Ltd. and other investors, under which it acquired 74,918 Series A Preferred Shares of Frenel at $26.6959 per share for an aggregate $2,000,000, including $300,000 previously advanced. Investors collectively hold an irrevocable option to invest up to an additional $2,500,000 in Series A-2 Preferred Shares based on an $18,500,000 pre-money valuation within 24 months. The Preferred Shares are convertible into ordinary shares, carry voting rights on an as-converted basis, include a liquidation preference, and are subject to automatic conversion upon an IPO; while Wrap holds at least 80% of the Preferred Shares, it also has right-of-first-refusal and co-sale rights.
Concurrently, Wrap entered an exclusive distribution license with Frenel, granting Wrap exclusive rights to market, sell, distribute, integrate, and provide Frenel’s thermal-polarimetric image-processing software in the United States and, via U.S. Foreign Military Financing and Foreign Military Sales, to NATO customers. Exclusivity runs for an initial four-year period and depends on performance milestones, including operational and business development targets by 12 and 24 months and cumulative net revenue to Frenel from Wrap-executed sales exceeding $3,000,000 by 36 months, after which failure triggers conversion to a non-exclusive license. The deal includes a revenue-share structure, termination and change-of-control provisions, a 12‑month tail period on certain prospects, key-person involvement requirements, and customary IP, indemnification, and confidentiality terms. Wrap also entered an amended investors’ rights agreement with Frenel shareholders and announced the launch of WrapShield, an autonomous defense and public safety platform anchored by the Frenel investment and license.
WRAP TECHNOLOGIES, INC. insider Scot Cohen, Executive Chairman, CEO and more than ten percent owner, filed an amended Form 4 to correct a prior report. The amendment states that on July 8, 2026, an IRA associated with him purchased 209,353 shares of common stock at $1.10 per share in an open-market transaction, rather than 21,740 shares as originally reported, and clarifies that these shares are held indirectly through the Scot Cohen Roth IRA. A separate line shows he also holds 6,589,555 common shares directly as of July 7, 2026.
WRAP Technologies director John D. Shulman reported an open-market purchase of 100,000 shares of common stock at $1.10 per share. After this transaction, he directly owns 199,037 shares of WRAP common stock. A separate line in the filing shows 250,000 shares held indirectly through Juggernaut Management, LLC, which directly owns those securities; they may be deemed beneficially owned by Shulman as manager of Juggernaut, though he disclaims beneficial ownership except to the extent of his pecuniary interest.
WRAP Technologies Executive Chairman and CEO Scot Cohen reported multiple share acquisitions. On July 8, 2026, he made an open-market purchase of 21,740 shares of common stock at $1.10 per share, bringing his direct holdings to 6,798,908 shares.
On July 7, 2026, he also acquired 4,576 common shares directly and 6,408 common shares indirectly through V4 Global LLC as stock issued as payment of dividends on Series A Convertible Preferred Stock. Following these awards, V4 Global LLC held 2,014,877 shares that may be deemed beneficially owned by Cohen to the extent of his pecuniary interest.
WRAP TECHNOLOGIES, INC. filing a Schedule 13G/A discloses that Elwood G. Norris, Stephanie A. Norris (as trustees) and the Norris Family 1997 Trust report zero beneficial ownership of the company's Common Stock (CUSIP 98212N107) in this amendment dated 07/09/2026.
WRAP TECHNOLOGIES, INC. director Bruce Bernstein received a grant of stock options covering 34,998 shares of common stock. The options have an exercise price of $1.45 per share and expire on July 1, 2036. Following this award, he holds 34,998 derivative securities directly.