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.

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