{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-022858","form_type":"8-K","ticker":"WRAP","cik":"0001702924","company_name":"WRAP TECHNOLOGIES, INC.","filed_at":"2023-08-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.911837+00:00","generated_at":"2026-06-11T18:18:27.273950+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Wrap Technologies to acquire Intrensic for $500K + 1.25M shares; Q2 revenue up 3% to $1.20M, net loss $(5.08)M","bullets":["Acquires Intrensic (body-worn camera and digital evidence management) for $500K cash + 1.25M WRAP shares; expected close in days.","Q2 net revenue $1.20M (+3% YoY); gross margin improved to 56% from 39% on cost efficiencies.","Net loss $(5.08)M ($(0.12)/share); adjusted net loss (ex one-time items) $3.68M, a 23% improvement YoY.","Cash $18.2M at June 30; includes $7.4M pre-close proceeds from $10M preferred stock offering closed July 5.","Appointed Kevin Mullins CEO in April; new board members; sales team expansion; strong 2H forecast."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-022858","json":"https://secwatch.observer/filing/0001437749-23-022858.json","markdown":"https://secwatch.observer/filing/0001437749-23-022858.md","text":"https://secwatch.observer/filing/0001437749-23-022858.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1702924/000143774923022858/0001437749-23-022858-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1702924/000143774923022858/wrap20230809_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T18:18:27.273950+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bad69ff0d374c8bd97c158d87462e19c761fe59d","claim":"WRAP TECHNOLOGIES, INC. reported preliminary financial results for second quarter ended June 30, 2023.","evidence_excerpt":"issued a press release to announce preliminary financial results for the Company’s second quarter ended June 30, 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1702924/000143774923022858/0001437749-23-022858-index.htm","confidence":0.87,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended June 30, 2023"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}