QualityStocksNewsBreaks – Wrap Technologies, Inc. (NASDAQ: WRAP) Closes $12 Million Registered Direct Offering
Wrap Technologies (NASDAQ: WRAP), a global public safety technology company delivering intelligent detection, orchestration and response solutions designed for the next generation of autonomous public safety, announced the closing of its previously announced registered direct offering with a fundamental institutional investor and an existing investor consisting of 8,571,609 shares of common stock, or pre-funded warrants in lieu thereof, at $1.40 per share. Gross proceeds were approximately $12 million before placement agent fees and other offering expenses. Wrap intends to use the proceeds for general corporate purposes and working capital, including future planned business expansion. Maxim Group LLC acted as sole placement agent for the offering. To…