Wrap Technologies Receives Historic ATF Ruling Formally Classifying BolaWrap® 150 as an Instrument of Restraint — Not a Firearm or Weapon Under Federal Law

The ATF issued Ruling 2026-2 formally classifying Wrap Technologies' BolaWrap® 150 as an instrument of restraint rather than a firearm or weapon under federal law. The ruling removes procurement barriers across corrections, civilian safety, international, and autonomous response markets, potentially reducing domestic sales cycles from 3-9 months to 4-8 weeks and international cycles from 4-6 months to 4-8 weeks. The company estimates a $3 billion addressable market opportunity across the four unlocked segments.