Wrap Technologies Prices $12M Direct Offering at $1.40, a 25% Discount
Tom Rudovsky · Reported by Reuters
More coverage: Scientific Instrument Stocks · Technology
Sentiment
Negative
Importance
7
Price
$1.86
Mkt Cap
$105.287M
52W Low
$1.04
52W High
$3.23
52W Position
79% above low
Off High
42% below high
Rel. Volume
0.4× avg
Market data snapshot near publication time
WRAP sits 79% above its 52-week low of $1.04.
Summary
Wrap Technologies priced a registered direct offering of 8.57 million shares at $1.40, raising $12 million. The price is a 25% discount to the last close of $1.86, which is dilutive and signals weak demand. The company has been burning cash despite improving revenue; this raise extends runway but at a cost to existing holders. Watch for use of proceeds and any insider participation.
At the time of this announcement, WRAP was trading at $1.86 on NASDAQ in the Technology sector, with a market capitalization of approximately $105.3M. The 52-week trading range was $1.04 to $3.23. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.
Price Chart
WRAP - Latest Insights
WRAP
Aug 13, 2026, 8:00 AM EDT
Price at Filing:
$1.74
Real-time Price:
$1.72
Change:
-$0.0192 (-1%)
Market Cap:
$105.287M
WRAP
Aug 11, 2026, 5:20 PM EDT
Price at Filing:
$1.88
Real-time Price:
$1.72
Change:
-$0.160 (-9%)
Market Cap:
$105.287M
WRAP
Aug 11, 2026, 4:15 PM EDT
Price at Filing:
$1.90
Real-time Price:
$1.72
Change:
-$0.180 (-9%)
Market Cap:
$105.287M
WRAP
Aug 11, 2026, 4:11 PM EDT
Price at Filing:
$1.88
Real-time Price:
$1.72
Change:
-$0.160 (-9%)
Market Cap:
$105.287M
WRAP
Jul 31, 2026, 12:23 PM EDT
Price at Filing:
$1.79
Real-time Price:
$1.72
Change:
-$0.070 (-4%)
Market Cap:
$105.287M