Corporate News: Wrap Technologies Inc. Fundraising Completion
Date: 22 October 2026Exchange: NasdaqTicker: WRAP
1. Executive Summary
Wrap Technologies Inc. (WRAP) completed a fundraising round that involved the issuance of new ordinary shares. Over 1.6 million shares were sold in a placing and a retail offer, raising a modest amount of capital. The shares were priced at a slight premium to the recent net asset value per share. Following the transaction, the company’s total issued share capital will increase to just over 211 million shares. The new shares will carry full voting rights and entitle holders to dividends and other distributions on the same terms as existing shares.
2. Transaction Details
| Item | Value |
|---|---|
| New shares issued | 1,600,000 |
| New total issued capital | 211,000,000+ |
| Pricing basis | Premium to recent net asset value |
| Share class | Ordinary, fully voting |
| Distribution rights | Same as existing shares |
| Settlement | Subject to regulatory and settlement approvals |
| Effective date | Pending admission to the London Stock Exchange’s main market |
The company notes that the offering is conditional on the admission of the new shares becoming effective.
3. Current Market Performance (as of 08:04 PM CET, 22 October 2026)
- Stock price: USD 1.22
- Daily change: +0.75 % (24‑hour period ending 08:04 PM CET)
- Volume traded: USD 483,900 (equivalent to approximately 396,000 shares)
- Market capitalization: USD 82.2 million
- Shares outstanding: 61.8 million
- 52‑week high: USD 3.23 (15 January 2026)
- 52‑week low: USD 1.04 (26 June 2026)
- Simple moving average (200 days): USD 1.67
- Performance since last month‑end: –10.07 %
4. Recent 24‑Hour Performance of Related Stocks
| Company | Ticker | % Change | Current Price (USD) | Market Cap (USD) |
|---|---|---|---|---|
| Onkure Therapeutics | OKUR | –2.54 % | 2.41 | 95.6 million |
| Coya Therapeutics | COYA | –1.66 % | 4.13 | 97.1 million |
| Rainier Acquisition | RNAQU | –0.5 % | 10.03 | 96.5 million |
| Joint /The | JYNT | –0.28 % | 7.34 | 97.8 million |
| Sunhydrogen | HYSR | 0 % | 0.02 | 98.1 million |
5. Company Profile
- Name: Wrap Technologies Inc.
- Industry: Information Technology – Security Products
- Headquarters: Tempe, United States
- Primary Market: United States (customers only)
- Website: www.wrap.com
- Stock Exchange: Nasdaq (ticker WRAP)
Wrap Technologies focuses on designing, producing, and marketing security products for law‑enforcement and security personnel. The company’s products are distributed exclusively within the United States.
6. Outlook
The additional capital raised is expected to support Wrap’s product development and market expansion initiatives. The company’s shares now carry full voting rights and are positioned to benefit from future dividend distributions. Further regulatory and settlement approvals will determine the final effective date of the new share admission on the London Stock Exchange.
