{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-025536","form_type":"8-K","ticker":"WRAP","cik":"0001702924","company_name":"WRAP TECHNOLOGIES, INC.","filed_at":"2025-08-26T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.714125+00:00","generated_at":"2026-05-17T09:57:55.288649+00:00","sec_items":["3.03","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Wrap Technologies creates Series B Preferred Stock convertible at $1.50/share, issues warrants","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-025536","json":"https://secwatch.observer/filing/0001641172-25-025536.json","markdown":"https://secwatch.observer/filing/0001641172-25-025536.md","text":"https://secwatch.observer/filing/0001641172-25-025536.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1702924/000164117225025536/0001641172-25-025536-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1702924/000164117225025536/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T09:57:55.288649+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3e0aac5b38947a7f7fe7516bf1b0fc0c4f55c738","claim":"WRAP TECHNOLOGIES, INC.: Filed Certificate of Designations for Series B Convertible Preferred Stock, creating a new series of preferred stock (effective 2025-08-20).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1702924/000164117225025536/0001641172-25-025536-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-08-20"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}