Wrap Technologies Raises $4.5M in Private Placement to Advance Counter-Drone Innovations and Dual-Use Market Strategy
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Updated: Aug 18 20250mins
Key Financing Highlights: Wrap Technologies has executed a private placement agreement for $4.5 million, involving the sale of Series B Preferred Stock and accompanying warrants, aimed at advancing their counter-UAS programs and law enforcement initiatives.
Accelerated Counter-UAS Fielding: The funding will enhance Wrap's Wrap-Merlin and Wrap-PANDA programs, which convert existing BolaWrap® 150 inventory into counter-drone capabilities, facilitating quicker deployment in the field.
Dual-Use Pathway: The financing supports Wrap's strategy to serve both law enforcement and federal sales markets, leveraging existing technology while expanding its business with government agencies like the DoD and DHS.
Expansion of WrapVision: Funds will also be allocated to improve WrapVision's body camera offerings and develop cost-saving technologies for law enforcement, potentially opening new markets such as healthcare.
WRAP.O
$0.0000%Past 6 months
Line
|
Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
No Data
Powered By
Intellectia
Analyst Views on WRAP
About WRAP
Wrap Technologies, Inc. is a global public safety technology and services company that delivers policing solutions to law enforcement and security personnel worldwide. Its products, services and solutions include BolaWrap Remote Restraint Device, Wrap Reality, and Wrap Intrensic. The BolaWrap Remote Restraint Device is a hand-held remote restraint device that discharges a seven and half-foot Kevlar tether to entangle an individual at a range of 10-25 feet. BolaWrap assists law enforcement to control encounters early without resorting to painful force options. Wrap Reality is a law enforcement three-dimensional training system employing computer graphics virtual reality (VR) with software-enabled content. Wrap Intrensic is a Body-Worn Camera (BWC) and Digital Evidence Management (DEM) solutions provider. BWC and DEM are engaged in capturing, storing, and managing digital evidence for various purposes, including criminal investigations and maintaining transparency in public interactions.
About the author
Preview
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Sigh Up to Get Intellectia Insights
What is the primary purpose of the DFR-X system introduced by Wrap?
How does Wrap Federal aim to support U.S. government agencies effectively?
How might the launch of the DFR-X system impact Wrap's market position?
What growth opportunities could Wrap Federal unlock by collaborating with prime contractors?