Wrap Technologies raises $4.5M via Series B preferred and warrants for counter-drone tech

WRAP TECHNOLOGIES, INC.

Gross proceeds of $4.5M from sale of 4,500 Series B preferred shares ($1,000 stated value) and warrants to buy 3M shares at $1.50.
Preferred shares initially convertible into up to 3M common shares at $1.50; warrants exercisable at $1.50 for 5 years after stockholder approval.
Stockholder approval required for conversion/exercise above 19.99% of outstanding common and to increase authorized shares.
Proceeds to advance Wrap-Merlin and Wrap-PANDA counter-UAS programs and dual-use go-to-market strategy.
Closing expected August 19, 2025; registration rights agreement filed with SEC within 60 days.

item 1.01 item 3.02 item 5.03 item 8.01 item 9.01

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.7

WRAP TECHNOLOGIES, INC.: Filed Certificate of Designations for Series B Convertible Preferred Stock, which was incorporated by reference but the filing explicitly states it will be filed with the Delaware Secretary of State prior to closing, thereby amending the certificate of incorporation's rights and preferences of a new (effective 2025-08-18).

Change: charter amendment
Effective: 2025-08-18

Exact text from the filing

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. The information contained in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

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27 governance changes filed in the last 30 days. Browse all governance changes →

WRAP TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001641172-25-024642

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