U.S. Government efficiency initiatives unlock opportunities for WRAP to lead public safety tech consolidation, deliver cost savings and reform training solutions U.S. Government efficiency initiatives unlock opportunities for WRAP to lead public safety tech consolidation, deliver cost savings and reform training solutions
TEMPE, Ariz., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies (NASDAQ: WRAP) (“Wrap” or, the “Company”) today announced it that it has executed a securities purchase agreement with certain investment partnerships affiliated with the Company and certain accredited and institutional investors in a private placement for the purchase and sale of (i) an aggregate of 3,216,666 shares of common stock of the Company, at a purchase price of $1.80 per share of common stock, and (ii) accompanying warrants to purchase 3,216,666 shares of common stock, for aggregate proceeds of approximately $5.8 million. The warrants will be immediately exercisable at an initial exercise price of $1.80 per share, subject to adjustment, and expire five years from the date of issuance.
Following Governor Youngkin's November announcement, Early Adopter Program Launches in Virginia, Highly Anticipated Defense Tech Drones, Body Cameras, AI Integration and International Expansion to Follow
WISE, Va., Nov. 22, 2024 (GLOBE NEWSWIRE) -- We are advised by Wrap Technologies, Inc. that journalists and other readers should disregard the news release, “Wrap Technologies Unveils Go-Forward Strategy, Pioneering End-to-End Public Safety and Defense Solutions with New Virginia Facility” issued on November 22, 2024, over GlobeNewswire.
Comprehensive Offering Plans to Integrate AI, VR, Body Cameras, and Drone Technology Comprehensive Offering Plans to Integrate AI, VR, Body Cameras, and Drone Technology
Major Advances in Financial Controls and Cost Management Pave the Way for Sustainable Operations and Market Leadership Major Advances in Financial Controls and Cost Management Pave the Way for Sustainable Operations and Market Leadership
Markets finish the week mixed but the Nasdaq-100 (NDX) continues its winning streak with 7 consecutive weeks of positive gains. Tesla (TSLA) among the top performers following a huge 22% surge after earnings.
TEMPE, Ariz., July 18, 2024 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”) is pleased to announce a transformative pilot with the San Francisco Police Department (“SFPD”). A recent San Francisco Police Commission meeting revealed that 60 of the Company's BolaWrap devices will be issued to the Field Training/Force Options Unit. This initiative has great potential to address the growing number of calls related to mental health issues and support the advancement of policing tactics.
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TEMPE, Ariz., June 21, 2024 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ: WRAP) (“Wrap” or the “Company”), a global leader in de-escalation, issues a letter to shareholders from Founder and CEO, Scot Cohen.