---
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"
generated_at: "2026-06-11T18:18:27.273950+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Wrap Technologies to acquire Intrensic for $500K + 1.25M shares; Q2 revenue up 3% to $1.20M, net loss $(5.08)M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-022858
- JSON: https://secwatch.observer/filing/0001437749-23-022858.json
- Plain text: https://secwatch.observer/filing/0001437749-23-022858.txt

## Key facts
- Earnings Releases
  WRAP TECHNOLOGIES, INC. reported preliminary financial results for second quarter ended June 30, 2023.
  - Period: second quarter ended June 30, 2023
  - Result: preliminary results
  source text: issued a press release to announce preliminary financial results for the Company’s second quarter ended June 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1702924/000143774923022858/0001437749-23-022858-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.