Wrap Technologies raises $12 million in equity offering to fund WrapShield expansion

Reuters2026/08/19 12:01

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Wrap Technologies closed an equity offering raising about USD 12 million in growth capital from institutional investors on Aug. 18.
Proceeds earmarked for working capital, general corporate purposes, future expansion, scaling the core public safety business, accelerating WrapShield commercialization.
Expansion targets a broader market spanning enterprise safety, U.S. federal and defense contracting, international opportunities.
Company plans investments in engineering, product integration, talent acquisition, partnerships, federal contracting infrastructure via a planned FOCI-compliant WRAP Federal structure.
Strategy includes building a technology pipeline in Israel, anchored by Frenel Imaging, to add sensing capabilities for WrapShield.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wrap Technologies Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608190800PRIMZONEFULLFEED9812586) on August 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Wrap Technologies raises $12 million in equity offering to fund WrapShield expansion

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