secwatch.observer — SEC 8-K summary
======================================

Issuer:     WRAP TECHNOLOGIES, INC. (WRAP)
CIK:        0001702924
Form:       8-K
Filed at:   2022-11-29T23:59:59+00:00
Accession:  0001851734-22-000705
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wrap Tech signs $950K tech/services deal with Lumeto and Spatial for VR training platform
--------------------------------------------------------------------------------

- Wrap to pay $700K upfront, $125K on milestone, $125K final for perpetual licenses and services.
- Agreement covers cloud infrastructure, training scenarios, and code base for Wrap Reality platform.
- Project deadline set for February 28, 2023; one year of maintenance included (100 free hours).
- Technology includes customized InvolveXR platform for police training scenarios.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702924/000185173422000705/0001851734-22-000705-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702924/000185173422000705/wrap20221129_8k.htm
  HTML page:      https://secwatch.observer/filing/0001851734-22-000705

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