Wrap Technologies Raises $5 Million to Expand Platform

An update from Wrap Technologies ( (WRAP) ) is now available.

On February 2, 2026, Wrap Technologies entered into a securities purchase agreement with accredited investors for a $5 million private placement of common stock, pre-funded warrants, and common warrants, which closed on February 3, 2026. The deal, conducted as an unregistered offering under Regulation D, involved issuing 1.7 million common shares, 800,000 pre-funded warrants, and 2.5 million common warrants, all priced at $2.00 per share or pre-funded warrant with warrants attached and carrying a $2.30 exercise price, and included registration rights for the resale of the shares and warrant shares. Wrap plans to use the proceeds for general corporate purposes, including restarting domestic manufacturing, tightening quality controls, rehiring key production and quality staff, expanding training capacity, and commercializing advanced R&D initiatives such as multi-shot systems and drone-enabled non-lethal delivery. Management positions the financing as a catalyst to transition from a single-device approach to an integrated non-lethal response platform spanning technology, training, and policy, supporting federal and international expansion through its Wrap Federal segment and aiming to strengthen its role as a system-level non-lethal solutions provider amid rising global demand for low-collateral public safety tools.

The most recent analyst rating on (WRAP) stock is a Sell with a $2.00 price target. To see the full list of analyst forecasts on Wrap Technologies stock, see the WRAP Stock Forecast page.

Spark’s Take on WRAP Stock

According to Spark, TipRanks’ AI Analyst, WRAP is a Neutral.

WRAP scores in the low-to-mid range primarily due to heavy losses and persistent cash burn outweighing improving revenue and solid gross margins. Technical signals are moderately supportive with a positive MACD and price above key longer-term averages, while the earnings call adds a constructive outlook around product traction and market expansion but with execution and policy-related uncertainties. Valuation is constrained by the negative P/E and lack of dividend support.

To see Spark’s full report on WRAP stock, click here.

More about Wrap Technologies

Wrap Technologies, Inc. is a Nasdaq-listed provider of innovative public safety technologies and non-lethal tools for law enforcement, defense, and critical infrastructure markets. Its portfolio includes the BolaWrap 150 non-lethal pre-escalation device, the WrapReality immersive training simulator, the WrapVision body-worn camera and evidence management system, WrapTactics training programs, and counter-drone solutions such as PAN-DA and the 1KC Kinetic Anti-Drone Cassette, serving more than 1,000 agencies in the U.S. and customers in 60 countries.

Average Trading Volume: 413,296

Technical Sentiment Signal: Hold

Current Market Cap: $103.6M

See more insights into WRAP stock on TipRanks’ Stock Analysis page.