Wrap Technologies has entered into a securities purchase agreement for a $5 million private placement. The capital raise is expected to enable the company to restart domestic manufacturing, advance validated R&D programs into commercialization, and responsibly accelerate early growth initiatives aligned with rising demand for non-lethal response capabilities.
“Our focus is on adding the resources required to accelerate growth, particularly across manufacturing, quality control, marketing, and R&D,” said Scot Cohen, CEO of Wrap. “This capital may allow us to take proven concepts, finalize validation, and responsibly bring them to market, while restoring manufacturing excellence and expanding training to meet real operational demand.”
Market Opportunity
Wrap said its market opportunity extends beyond a single-device business model to an integrated response platform that combines technology, training, and policy.
This is expected to expand Wrap’s addressable market by positioning the company as a non-lethal response provider, delivering system-level capabilities rather than standalone tools across state, local, and federal agencies, as well as select private-sector and commercial security environments where non-lethal, low-risk response solutions are increasingly required.
As part of this transition, Wrap is reengaging select manufacturers and key suppliers to support resumed production, future innovation, and supporting management’s outlook.
Manufacturing Restart and Quality Controls
Wrap is restarting domestic manufacturing with a renewed focus on rigorous quality control standards for its non-lethal response technologies. This is expected to include the return of experienced quality and production personnel who were integral to earlier high-reliability manufacturing runs, as well as the reimplementation of proven inspection, testing, and process controls. Wrap said these efforts reflect its emphasis on precision, durability, and consistency as it prepares for expanded deployments across domestic and federal markets.
Training Expansion and Operational Readiness
In parallel, Wrap is increasing domestic training capacity to support broader adoption of non-lethal response programs.
Training is expected to be delivered through a tiered model that includes lead instructors, train-the-trainer certification, and hybrid delivery combining in-person and digital instruction for all operators of its expanded non-lethal response technologies.
The training expansion is expected to focus on operational integration, lawful control, and scenario-based readiness, ensuring agencies may have the opportunity to deploy non-lethal tools effectively and safely in real-world conditions.
Research and Development & Product Commercialization
Many of Wrap’s recent research and development initiatives have progressed through testing and are now entering final validation stages.
Wrap said additional capital is required to bring these capabilities to market, including next-generation multi-shot systems, drone-enabled non-lethal delivery concepts, and other supporting technologies designed to provide low-collateral, non-lethal options across a wider range of operational environments.
Federal and International Expansion
These investments, according to the company, are expected to support the continued expansion of Wrap Federal, the Company’s federal and international business segment focused on U.S. government agencies and allied operations requiring non-lethal, low-collateral solutions. Wrap sees growing opportunity across federal, defense-adjacent, and international use cases where early, non-lethal intervention may improve outcomes while preserving mission readiness.
