secwatch.observer — SEC 8-K summary
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Issuer:     WRAP TECHNOLOGIES, INC. (WRAP)
CIK:        0001702924
Form:       8-K
Filed at:   2024-08-21T23:59:59+00:00
Accession:  0001437749-24-027433
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wrap Technologies receives third Nasdaq delinquency notice; must file all overdue reports by Oct 14, 2024
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- Nasdaq notified Wrap on Aug 16, 2024 of non-compliance for failing to file Q2 10-Q (semi-annual report).
- Company now delinquent on FY2023 10-K, Q1 10-Q, and Q2 10-Q; prior exceptions expire Aug 30, 2024.
- Must submit updated compliance plan by Sep 3, 2024; Nasdaq may grant extension to Oct 14, 2024.
- No immediate delisting, but failure to regain compliance risks Nasdaq listing removal.
- CEO Scot Cohen acknowledges the notice; company evaluating options to regain compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702924/000143774924027433/0001437749-24-027433-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702924/000143774924027433/wrap20240821_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-027433

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