ATF rules Wrap Tech’s BolaWrap 150 is not a firearm under federal law

Wrap Technologies, Inc.

Wrap Technologies, Inc.

WRAP

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  • ATF Ruling 2026-2 classified Wrap Technologies’ BolaWrap 150 as an instrument of restraint, not a firearm under the Gun Control Act.
  • The ruling also found the device is not an “any other weapon” under the National Firearms Act; effective July 2, 2026.
  • Decision supersedes prior ATF classifications, removing federal regulatory uncertainty that constrained procurement across several market segments.
  • Wrap forecast domestic sales cycles could drop to 4-8 weeks from 3-9 months; cited addressable opportunity of $3 billion+.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wrap Technologies Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607060700PRIMZONEFULLFEED9757136) on July 06, 2026, and is solely responsible for the information contained therein.

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