On September 2, 2026, Wrap Technologies approved amended employment agreements for Executive Chairman and CEO Scot Cohen and President and COO Jared Novick. Both executives receive a $200,000 annualized base salary with automatic two-year terms and twelve months of severance upon qualifying termination. The company granted performance restricted stock awards to both executives: 4,000,000 shares for Cohen and 2,000,000 for Novick. Vesting is tied to market capitalization milestones ranging from $150 million to $506.25 million over consecutive trading days. The filing also extends the post-termination exercise period for existing stock options from three months to twenty-four months. Wrap Technologies operates in the packaging industry, providing sustainable wrapping solutions.

Wrap Technologies announced the pricing of a registered direct offering of approximately $12.0 million in gross proceeds. The company issued 5,771,519 shares of common stock and Pre-Funded Warrants to purchase up to 2,800,090 additional shares at a price of $1.40 per share or $1.3999 per warrant. Proceeds are intended for working capital and general corporate purposes, including future business expansion. The transaction closed on August 18, 2026, with Maxim Group LLC acting as placement agent. Wrap Technologies operates in the public safety technology sector, providing intelligent detection, orchestration, and response solutions.

Wrap Technologies reported Q2 2026 revenue of $2.1 million, a 103% increase year-over-year, with gross margin expanding to approximately 75%. The company reduced its net loss by 39% to $(2.3) million and strengthened its balance sheet, holding $4.8 million in cash. Subsequent to the quarter end, the ATF classified the BolaWrap 150 as a restraint tool rather than a weapon, unlocking access to the private security market. Additionally, Wrap made a strategic investment in Frenel Imaging Ltd. to support its new WrapShield platform for defense and public safety applications. The company operates in the public safety technology sector, providing non-lethal response tools, training solutions, and detection systems.

Wrap Technologies, Inc. entered into a securities purchase agreement on July 7, 2026, to acquire 74,918 Series A Preferred Shares of Frenel Imaging Ltd. for $2,000,000. The company also entered into an exclusive distribution license agreement with Frenel to market and sell its proprietary image processing software for polarimetric thermal imaging in the U.S. and to NATO customers. The license is exclusive for four years, subject to meeting specific performance milestones, including a cumulative net revenue target of $3,000,000 by the 36-month anniversary. Wrap Technologies operates in the technology sector, providing specialized imaging and distribution services.