---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-027679"
form_type: "8-K"
ticker: "WRAP"
cik: "0001702924"
company_name: "WRAP TECHNOLOGIES, INC."
filed_at: "2024-08-23T23:59:59+00:00"
generated_at: "2026-05-31T07:51:35.452032+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Wrap Technologies amends Series A Preferred terms to pay stock dividends; cash payment optional for July dividend

## Summary
- Series A Preferred delinquent July 1, 2024 dividend can be paid at company's option in cash or stock at lower of $1.00 or Dividend Conversion Price per share.
- October 1, 2024 dividend must be paid in stock at 80% of the average of the three lowest closing prices in September 2024.
- Certificate of Designations amended to allow stock dividends to directors/officers/employees if shareholder-approved, and to modify mandatory conversion/reemption conditions.
- Amended definition of Excluded Securities in the Purchase Agreement, expanding permissible issuances after certain conditions.
- Delinquent dividends and any related Dividend Balance Shares to be delivered on October 1, 2024; Pre-Dividend Shares due 21 trading days prior.

## SEC filing metadata
- accession: 0001437749-24-027679
- form_type: 8-K
- ticker: WRAP
- cik: 0001702924
- company_name: WRAP TECHNOLOGIES, INC.
- filed_at: 2024-08-23T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1702924/000143774924027679/0001437749-24-027679-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1702924/000143774924027679/wrap20240823_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-027679
- JSON: https://secwatch.observer/filing/0001437749-24-027679.json
- Plain text: https://secwatch.observer/filing/0001437749-24-027679.txt

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