Wrap Technologies (WRAP) Registration Filing summary

Company overview and business model

• Global public safety technology and services provider focused on non-lethal compliance tools and immersive training for law enforcement and security personnel worldwide.

• Product portfolio includes BolaWrap remote restraint devices, Wrap Reality VR training, and Wrap Intrensic body-worn camera and digital evidence management solutions.

• Target market includes 900,000 U.S. law enforcement officers and over 12 million police officers globally, with expansion into military and private security sectors.

• Active distributor network covers all U.S. states, Puerto Rico, and 63 countries internationally.

• Emphasis on R&D and new product development to maintain competitive advantages and global brand presence.

Financial performance and metrics

• Classified as a smaller reporting company with market value of public float under $700 million and annual revenue under $100 million.

• As of May 9, 2025, 50,554,267 shares of common stock were outstanding.

• Gross proceeds from the February 2025 private placement were approximately $5.8 million.

Use of proceeds and capital allocation

• No proceeds from resale of shares by selling securityholders; proceeds from warrant exercises (if any) will be used for general corporate purposes and working capital.

• Maximum potential proceeds from full cash exercise of warrants is approximately $5.8 million.