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materiality 0.50
Wrap Technologies amends Series A Preferred terms, sets 20% monthly compounded dividend upon trigger
WRAP TECHNOLOGIES, INC.
- Certificate of Amendment filed Dec 6, 2024: Series A Preferred dividends accrue at 20% per annum compounded monthly on Triggering Event.
- Accrued dividends and payments through Nov 25, 2024 settled via common stock issuance to Series A investors.
- Amendment modifies Certificate of Designations originally filed July 2023; full terms in Exhibit 3.1.
- Triggering Event definition remains per original Certificate of Designations; no new triggers disclosed.