Wrap Technologies Secures $5.8M in Private Placement of Securities
Summary
Pursuant to a registration rights agreement, the Company has agreed to file a resale registration statement covering the securities described above.This press release is not an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.Wrap Technologies, Inc. (Nasdaq: WRAP) is a leading global provider of advanced public safety solutions, integrating ultramodern technology, cutting-edge tools, and comprehensive services to address the complex, modern day challenges facing public safety organizations around the world. Guided by a no-harm principle, Wrap is dedicated to developing groundbreaking solutions that empower public safety agencies to safeguard the communities they serve in a manner that fosters stronger relationships, driving safer outcomes, empowering public safety and communities to move forward together.Wraps BolaWrap\xae solution encompasses an innovative and patented hand-held remote restraint device, strategically engineered with Wraps no-harm guiding principle to proactively deter escalation by deploying a Kevlar\xae tether that safely restrains individuals from a distance. By offering a growing range of real-life scenarios, Wrap Reality addresses the dynamic nature of modern law enforcement situations for positive public safety outcomes, building safer communities one decision at a time.Wraps Intrensic solution is a comprehensive, secure and efficient body worn camera and evidence collection and management solution designed with innovative technology to quickly capture, safely handle, securely store, and seamlessly track evidence, all while maintaining full transparency throughout the process. With meticulous consolidation and professional management of evidence, confidence in law enforcement and the justice system soars, fostering trust and reliability in court outcomes. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.