Wrap Technologies creates Series B Preferred Stock convertible at $1.50/share, issues warrants

WRAP TECHNOLOGIES, INC.

4,500 shares of Series B Preferred with $1,000 stated value issued to accredited investors in private placement.
Initial conversion price of $1.50 per share, convertible into up to 3,000,000 common shares.
Accompanying warrants to purchase up to 3,000,000 common shares at $1.50 per share.
Certificate of Designations filed with Delaware Secretary of State on August 20, 2025.
Stockholder approval required for conversion and warrant exercise.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

WRAP TECHNOLOGIES, INC.: Filed Certificate of Designations for Series B Convertible Preferred Stock, creating a new series of preferred stock (effective 2025-08-20).

Change: charter amendment
Effective: 2025-08-20

Exact text from the filing

On August 20, 2025, the Company filed the Certificate of Designations of Series B Preferred Stock with the Secretary of State of the State of Delaware (the “Series B Certificate of Designations”), thereby creating the Series B Preferred Stock. The Series B Certificate of Designations became effective with the Secretary of State of the State of Delaware upon filing.

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WRAP TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001641172-25-025536

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