secwatch.observer — SEC 8-K summary
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Issuer:     WRAP TECHNOLOGIES, INC. (WRAP)
CIK:        0001702924
Form:       8-K
Filed at:   2025-08-26T23:59:59+00:00
Accession:  0001641172-25-025536
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702924/000164117225025536/0001641172-25-025536-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702924/000164117225025536/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-025536

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer