Technology
Wrap Technologies Receives Historic ATF Ruling Formally Classifying BolaWrap® 150 as an Instrument of Restraint — Not a Firearm or Weapon Under Federal Law
ATF Ruling 2026-2 Removes Federal Procurement Barriers Across Corrections, Civilian Safety, International Deployment, and Autonomous Response MarketsMIAMI, July 06, 2026 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or, the “Company”), a global public safety technology company, today announced that the ATF has issued Ruling 2026-2, formally determining that the BolaWrap® 150 is not a "firearm" under the Gun Control Act (18 U.S.C. § 921(a)(3)) and not an "any other weapon" un
About this update from Wrap Technologies, Inc.
ATF Ruling 2026-2 Removes Federal Procurement Barriers Across Corrections, Civilian Safety, International Deployment, and Autonomous Response Markets MIAMI, July 06, 2026 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) ("Wrap" or, the "Company"), a global public safety technology company, today announced that the ATF has issued Ruling 2026-2, formally determining that the BolaWrap® 150 is not a "firearm" under the Gun Control Act (18 U.S.C. § 921(a)(3)) and not an "any other weapon" under the National Firearms Act (NFA). The ruling, signed by ATF Director Robert Cekada and which was effective as of July 2, 2026, states that the BolaWrap 150 is not a "weapon" because it is not an instrument of offensive or defensive combat. The ATF affirmatively classifies the BolaWrap 150 as "merely an instrument of restraint." The ruling is grounded in the U.S. Supreme Court's 2025 decision in Bondi v. VanDerStok, 145 S. Ct. 857 (2025), and explicitly supersedes any prior ATF classification of the BolaWrap 150, removing the federal regulatory ambiguity that the Company believes has historically complicated BolaWrap procurement across multiple market segments. "This ruling confirms at the federal level what our company has demonstrated in the field: BolaWrap 150 is not regulated as a firearm or an 'any other weapon' under the federal statutes addressed by the ruling. It is a restraint tool designed to give officers a moment of control before an encounter escalates to force. We believe Ruling 2026-2 removes a federal classification framework that complicated BolaWrap procurement across corrections, civilian, and international markets. We also believe it may improve our ability to compete in segments that were structurally inaccessible before this ruling was issued" said Scot Cohen, Founder & CEO Four Procurement Categories Potentially Affected
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