Wrap Technologies executed a securities purchase agreement to sell 4,500 shares of Series B Preferred Stock and accompanying warrants for aggregate gross proceeds of $4.5 million. The preferred shares carry a stated value of $1,000 per share and are convertible into an aggregate of 3,000,000 shares of common stock at an initial conversion price of $1.50 per share. Investors will also receive warrants to purchase up to 3,000,000 shares of common stock with an initial exercise price of $1.50 per share, subject to adjustment. Conversion of the preferred stock and exercise of the warrants are subject to stockholder approval. The warrants will expire five years from the date of stockholder approval. The closing is subject to customary closing conditions and is expected to occur on or around August 19, 2025. The company intends to use net proceeds for working capital and general corporate purposes.

Total raised

$5M

Funding rounds

1

Latest round

Series B

Latest activity

Aug 2025