secwatch.observer — SEC 8-K summary
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Issuer:     WRAP TECHNOLOGIES, INC. (WRAP)
CIK:        0001702924
Form:       8-K
Filed at:   2024-12-09T23:59:59+00:00
Accession:  0001437749-24-036977
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wrap Technologies amends Series A Preferred terms, sets 20% monthly compounded dividend upon trigger
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702924/000143774924036977/0001437749-24-036977-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702924/000143774924036977/wrap20241209_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-036977

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer