Wrap Technologies raises $4.5M in preferred stock for Wrap-Merlin and Wrap-PANDA programs

* Wrap Technologies (NASDAQ:WRAP [https://seekingalpha.com/symbol/WRAP]) has entered into direct offering of an aggregate of 4,500 shares of the Company’s Series B Preferred stock at $1,000 per share, convertible into an aggregate of 3,000,000 shares of common stock of the Company at an initial conversion price of $1.50 per share, and accompanying warrants to purchase up to 3M shares of common stock, for aggregate gross proceeds of $4.5 million.
* The warrants will have an initial exercise price of $1.50 per share and will expire five years from the date of stockholder approval.
* The proceeds are expected to advance recently announced _Wrap-Merlin_ and _Wrap-PANDA_ programs, which repurpose existing BolaWrap 150 inventory into new counter-drone capabilities, enabling rapid progression from development to field application.
* Closing date is August 19, 2025.
* WRAP is -2.29% to $1.495

* Source: Press Release [https://seekingalpha.com/pr/20203807-wrap-technologies-secures-4_5m-in-private-placement-to-accelerate-emerging-counter-drone]

MORE ON WRAP TECHNOLOGIES

* Wrap Technologies, Inc. (WRAP) Q2 2025 Earnings Call Transcript [https://seekingalpha.com/article/4813865-wrap-technologies-inc-wrap-q2-2025-earnings-call-transcript]
* Wrap Technologies signals shift to recurring revenue with new subscription bundles and expanded addressable market [https://seekingalpha.com/news/4485827-wrap-technologies-signals-shift-to-recurring-revenue-with-new-subscription-bundles-and]
* Financial information for Wrap Technologies [https://seekingalpha.com/symbol/WRAP/income-statement]