{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-024343","form_type":"8-K","ticker":"WRAP","cik":"0001702924","company_name":"WRAP TECHNOLOGIES, INC.","filed_at":"2023-08-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.912040+00:00","generated_at":"2026-06-11T05:38:55.201207+00:00","sec_items":["2.01","3.02","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Wrap Technologies acquires Intrensic, LLC for $500K cash and 1.25M shares","bullets":["Purchase price: $500K cash (subject to working capital adjustments) and 1.25M shares of WRAP common stock.","Transaction closed on August 16, 2023; acquisition of all membership interests of Intrensic, LLC.","CEO Kevin Mullins was a selling member; related-party transaction disclosed.","Shares issued in reliance on Section 4(2) of Securities Act (unregistered sale).","Inventory valued at $53,588; cash balance transfer to sellers at closing."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-024343","json":"https://secwatch.observer/filing/0001437749-23-024343.json","markdown":"https://secwatch.observer/filing/0001437749-23-024343.md","text":"https://secwatch.observer/filing/0001437749-23-024343.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1702924/000143774923024343/0001437749-23-024343-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1702924/000143774923024343/wrap20230818_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T05:38:55.201207+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":"035f87203757f6ffdfa8ef841b620fbaa9544ac1","claim":"WRAP TECHNOLOGIES, INC. completed an acquisition involving Intrensic, LLC for $553,588 in cash; and 1,250,000 shares of the Company’s common stock (closed 2023-08-16).","evidence_excerpt":"the Company entered into a Membership Interest Purchase Agreement, dated as of August 9, 2023 (the “ Purchase Agreement ”), and the members of Intrensic, LLC, a Delaware limited liability company (“ Intrensic ”), including Kevin Mullins, the Company’s Chief Executive Officer (collectively, “ Sellers ”), and Buford Ortale, as Sellers’ Representative, pursuant to which the Company agreed to purchase, and Sellers agreed to sell, all of the Membership Interest of Intrensic for a total purchase price of: (i) $553,588 in cash; and (ii) 1,250,000 shares of the Company’s common stock, par value $0.0001 (“ Common Stock ”) (collectively, the “ Purchase Price ”) (the “ Acquisition ”). The Acquisition was consummated on August 16, 2023 (the “ Closing Date ”) in accordance with the terms of the Purchase Agreement.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1702924/000143774923024343/0001437749-23-024343-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Intrensic, LLC"},{"label":"Consideration","value":"$553,588 in cash; and 1,250,000 shares of the Company’s common stock"},{"label":"Closing","value":"2023-08-16"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}