Wrap Technologies Receives ATF Ruling That BolaWrap 150 Is Not a Firearm
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Wrap Technologies announced that the ATF has issued Ruling 2026-2, formally determining that the BolaWrap 150 is not a "firearm" under the Gun Control Act and not an "any other weapon" under the National Firearms Act. The ruling, signed by ATF Director Robert Cekada and which was effective as of July 2, 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. VanDerSto, 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 and CEO.
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About WRAP
Wrap Technologies, Inc. is a global public safety technology and services company that delivers policing solutions to law enforcement and security personnel worldwide. Its products, services and solutions include BolaWrap Remote Restraint Device, Wrap Reality, and Wrap Intrensic. The BolaWrap Remote Restraint Device is a hand-held remote restraint device that discharges a seven and half-foot Kevlar tether to entangle an individual at a range of 10-25 feet. BolaWrap assists law enforcement to control encounters early without resorting to painful force options. Wrap Reality is a law enforcement three-dimensional training system employing computer graphics virtual reality (VR) with software-enabled content. Wrap Intrensic is a Body-Worn Camera (BWC) and Digital Evidence Management (DEM) solutions provider. BWC and DEM are engaged in capturing, storing, and managing digital evidence for various purposes, including criminal investigations and maintaining transparency in public interactions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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