Wrap technologies, inc. announces $10 million offering

Tempe, ariz., june 30, 2023 (globe newswire) -- wrap technologies (nasdaq: wrap) (“wrap” or the “company”), a global pioneer in innovative public safety solutions, announced today that it has executed a securities purchase agreement with certain directors of the company and certain accredited and institutional investors to raise gross proceeds of approximately $10 million in a registered direct offering of convertible preferred stock and warrants. the offering is expected to close on july 3, 2023, subject to the satisfaction of customary closing conditions.
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