WRAP TECHNOLOGIES, INC. (WRAP): M&A transaction — Wrap Technologies acquires W1 Global for $100 to expand managed safety services and international reach

WRAP TECHNOLOGIES, INC.

Acquired substantially all assets of W1 Global for nominal $100 purchase price; deal closed Feb 18, 2025.
Adds former FBI, DEA, DoD leadership including Bill McMurry (ex-FBI) and Ric Bachour (ex-DEA) to lead professional services.
Expected to be immediately accretive, drive revenue growth, and create synergies with BolaWrap and MSR ecosystem.
Creates end-to-end ecosystem combining BolaWrap technology with investigative and compliance professional services.
Targets international expansion via W1 Global's global network of former government personnel.

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Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

WRAP TECHNOLOGIES, INC. completed an acquisition involving W1 Global, LLC for $100.00 (closed 2025-02-18).

Action: acquisition
Counterparty: W1 Global, LLC
Consideration: $100.00
Closing: 2025-02-18

Exact text from the filing

defined in the Purchase Agreement), upon the terms and subject to the conditions set forth in the Purchase Agreement (the “Acquisition”), for a nominal purchase price equal to $100.00. The closing of the Acquisition occurred on February 18, 2025 (the “Closing”). The Purchase Agreement contains certain representations and warranties, covenants and indemnities

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Source: SEC EDGAR

accession 0001437749-25-004882

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