---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-024642"
form_type: "8-K"
ticker: "WRAP"
cik: "0001702924"
company_name: "WRAP TECHNOLOGIES, INC."
filed_at: "2025-08-18T23:59:59+00:00"
generated_at: "2026-05-17T11:58:28.411379+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001641172-25-024642
- form_type: 8-K
- ticker: WRAP
- cik: 0001702924
- company_name: WRAP TECHNOLOGIES, INC.
- filed_at: 2025-08-18T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1702924/000164117225024642/0001641172-25-024642-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1702924/000164117225024642/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-024642
- JSON: https://secwatch.observer/filing/0001641172-25-024642.json
- Plain text: https://secwatch.observer/filing/0001641172-25-024642.txt

## Key facts
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1702924/000164117225024642/0001641172-25-024642-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.