WRAP TECHNOLOGIES, INC. — fact timeline

WRAP TECHNOLOGIES, INC. reported fourth quarter and full year ended December 31, 2025 results: revenue $1.4 million, net income $(3.9) million.

“operating efficiency as the Company targets approximately 100% revenue growth in 2026. Fourth Quarter 2025 Financial Highlights (vs. Q4 2024): ● Gross revenue increased 62% to $1.4 million, compared to $0.9 million in the prior-year period ● Product sales more than doubled to $1.2 million, compared to $0.6 million in the prior-year quarter, driven by increased”

WRAP TECHNOLOGIES, INC. entered into Purchase Agreement with certain accredited investors valued at approximately $5 million (effective 2026-02-02).

“On February 2, 2026, Wrap Technologies, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with certain accredited investors (collectively, the “Purchasers”) for the issuance and sale in a private placement (the “Private Placement”) of (i) an aggregate of 1,700,000 shares (the “Common Shares”) of common stock of the Company, par value $0.0001 per share (the “Common Stock”), (ii) pre-funded warrants to purchase up to 800,000 shares of Common Stock (the “Pre-Funded Warrants”), with an exercise price of $0.0001 per share, and (iii) common warrants to purchase up to 2,500,000 shares of Common Stock (the “Common Warrants”, together with the Pre-Funded Warrants, the “Warrants”), with an exercise price of $2.30 per share.”

WRAP TECHNOLOGIES, INC.: Increased authorized shares of common stock from 150,000,000 to 200,000,000 (effective 2025-12-17).

“At the Company’s Annual Meeting, the Company’s stockholders approved an amendment to the Company’s Amended and Restated Certificate of Incorporation (as amended, the “Charter”) to increase the number of authorized shares of Common Stock, from 150,000,000 shares to 200,000,000 and to make a corresponding change to the number of authorized shares of the Company’s capital stock (the “Share Increase Amendment”). Following the Annual Meeting, on December 17, 2025, the Company filed the Share Increase Amendment with the Secretary of State of the State of Delaware.”

WRAP TECHNOLOGIES, INC.: Amended bylaws to change stockholder vote requirement for matters other than election of directors to majority of votes cast (excluding abstentions and broker non-votes), with corresponding change for class votes (effective 2025-11-05).

“The board of directors of Wrap Technologies, Inc. (the “Company”) approved the second amendment (the “Second Amendment”) to the amended and restated bylaws of the Company (as amended, the “Bylaws”), effective as of November 5, 2025. The Second Amendment amends and restates Article II, Section 11 of the Bylaws in its entirety (i) to establish the required stockholder vote in all matters other than the election of directors as the affirmative vote of a majority of the votes cast by the stockholders present in person or represented by proxy at the meeting and entitled to vote on the subject matter, voting affirmatively or negatively (excluding abstentions and broker non-votes), and (ii) to make a corresponding change to the vote required for class votes.”

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

“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.”

WRAP TECHNOLOGIES, INC.: Filed Certificate of Designations for Series B Convertible Preferred Stock, which was incorporated by reference but the filing explicitly states it will be filed with the Delaware Secretary of State prior to closing, thereby amending the certificate of incorporation's rights and preferences of a new (effective 2025-08-18).

“Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. The information contained in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.”

Jared Novick was appointed as President and Chief Operating Officer at WRAP TECHNOLOGIES, INC..

“On March 10, 2025, the board of directors of Wrap Technologies, Inc. (the “Company”) appointed Jared Novick, who serves as the Company’s Chief Operating Officer, to the position of President and Chief Operating Officer, effective immediately.”

Kevin Mullins resigned as Director at WRAP TECHNOLOGIES, INC..

“On May 28, 2024, Kevin Mullins, who served as a member of the board of directors (the “Board”) of Wrap Technologies, Inc. (the “Company”), tendered his resignation from his role as director of the Company, effective as of May 28, 2024.”

WRAP TECHNOLOGIES, INC. engaged HTL International, LLC as its auditor.

“engaged HTL International, LLC ("HTL") as the Company's independent registered public accounting firm for the fiscal year ended December 31, 2023, effective May 7, 2024.”

Kevin Mullins was appointed as Global Ambassador at WRAP TECHNOLOGIES, INC..

“Effective June 1, 2024, Mr. Mullins is expected to serve as a consultant for the Company (“Global Ambassador”).”

Kevin Mullins resigned as President at WRAP TECHNOLOGIES, INC..

“On May 7, 2024, Kevin Mullins notified Wrap Technologies, Inc. (the “Company”) of his intention to resign from his position as President of the Company, effective May 23, 2024.”

Rosenberg Rich Baker Berman, P.A. resigned as auditor of WRAP TECHNOLOGIES, INC..

“On April 24, 2024, Wrap Technologies, Inc. (the “Company”) received notice from Rosenberg Rich Baker Berman, P.A. (“RRBB P.A.”) that it had resigned as the Company’s independent registered public accounting firm, effective immediately.”