secwatch.observer — SEC 8-K summary
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Issuer:     WRAP TECHNOLOGIES, INC. (WRAP)
CIK:        0001702924
Form:       8-K
Filed at:   2026-08-18T13:19:20+00:00
Accession:  0001493152-26-038916
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wrap Technologies prices $12M registered direct offering at $1.40/share
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- Offering of 8,571,609 shares (or pre-funded warrants) at $1.40/share; gross proceeds ~$12.0M.
- Proceeds for working capital and general corporate purposes, incl. future expansion; close expected Aug 18, 2026.
- Maxim Group LLC sole placement agent; cash fee 7% of gross proceeds (3.5% for certain investors) plus $75K expenses.
- Pre-funded warrants have $0.0001 exercise price; beneficial ownership cap 4.99% (or 9.99% at holder election).
- Offered under effective Form S-3 shelf (File 333-291707) declared effective Dec 18, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702924/000149315226038916/0001493152-26-038916-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702924/000149315226038916/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-038916

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