---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-036487"
form_type: "8-K"
ticker: "WRAP"
cik: "0001702924"
company_name: "WRAP TECHNOLOGIES, INC."
filed_at: "2024-12-02T23:59:59+00:00"
generated_at: "2026-05-29T11:26:20.243131+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Wrap Tech amends Series A Preferred to accrue 20% dividend on trigger; issues 856K shares

## Summary
- Wrap amended Series A Preferred terms on Nov 25, 2024 with required holders including Iroquois Master Fund.
- Upon a Triggering Event, Preferred dividends accrue at 20% per annum compounded monthly.
- Accrued unpaid payments as of Nov 25 satisfied by issuing 856,109 shares of common stock.
- Series A Preferred $1,000 stated value originally issued June 2023 under Securities Purchase Agreement.

## SEC filing metadata
- accession: 0001437749-24-036487
- form_type: 8-K
- ticker: WRAP
- cik: 0001702924
- company_name: WRAP TECHNOLOGIES, INC.
- filed_at: 2024-12-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1702924/000143774924036487/0001437749-24-036487-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1702924/000143774924036487/wrap20241202_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-036487
- JSON: https://secwatch.observer/filing/0001437749-24-036487.json
- Plain text: https://secwatch.observer/filing/0001437749-24-036487.txt

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