Wrap Technologies, Inc. filings document the public safety technology company's operating results, capital structure, governance actions and material corporate events. Recent Form 8-K reports include earnings releases, private placements of common stock, pre-funded warrants and common warrants, and preferred-stock designations that affect shareholder rights and potential dilution.
Proxy and governance filings cover annual meeting matters, equity compensation plan amendments, authorized-share increases, bylaw amendments, director and officer matters, and stockholder voting standards. These disclosures provide the formal record for WRAP's financing activity, executive and board-related changes, charter and bylaw provisions, and recurring financial reporting as a Nasdaq-listed operating company.
WRAP TECHNOLOGIES, INC. (symbol: WRAP) is the issuer of record for a Form 4 filing submitted to the SEC. Cohen Scot reported acquisition or exercise transactions in this Form 4 filing.
WRAP TECHNOLOGIES, INC. (WRAP) reported that Executive Chairman and CEO, and ten percent owner, Scot Cohen had Common Stock credited on September 4, 2026 as stock dividends on Series A Convertible Preferred Stock. He received 19,532 shares directly and 27,344 shares indirectly through V4 Global LLC, both at no cash price as they were issued as dividend payments. Following these transactions, Cohen directly holds 10,609,087 shares, with an additional 2,042,221 shares held indirectly through V4 Global LLC and 209,353 shares held indirectly through the Scot Cohen Roth IRA.
WRAP TECHNOLOGIES, INC. (WRAP) received an amended Form 4 from Executive Chairman and CEO Scot Cohen, who is also a ten percent owner, to correct and clarify his indirect beneficial holdings of common stock. The amendment states that 209,353 shares are held through the Scot Cohen Roth IRA and 2,014,877 shares are held through V4 Global LLC, with Cohen deemed a beneficial owner only to the extent of his pecuniary interest. The filing reports these indirect positions and does not show new purchases or sales of WRAP stock.
WRAP TECHNOLOGIES, INC. (WRAP) filed an amended Form 4 to correct how certain common stock holdings are reported for President and COO Jared Novick. The amendment states that 275,000 shares of common stock are held indirectly through Continuum Ventures, LLC, rather than the previously reported entity.
The shares are directly owned by Continuum Ventures, LLC and may be deemed beneficially owned by Jared Novick as its managing member, although he disclaims beneficial ownership except to the extent of his pecuniary interest. No new purchases, sales, or option exercises are reported, and no Rule 10b5-1 trading plan is indicated.
WRAP TECHNOLOGIES, INC. (WRAP) approved amended and restated employment agreements for Executive Chairman and CEO Scot Cohen and President and COO Jared Novick, each providing a $200,000 annual base salary, a two-year initial term with automatic one-year renewals, eligibility for an annual discretionary bonus, and severance equal to 12 months of base salary plus COBRA premium reimbursement if terminated without Cause, for Good Reason, or upon non-renewal by the company.
The compensation committee also granted 4,000,000 shares of performance restricted stock to Cohen and 2,000,000 shares to Novick, with 1,600,000 and 800,000 of those shares, respectively, contingent on stockholder approval of an increase in shares under the 2017 Equity Compensation Plan by March 15, 2027. Vesting for both awards occurs in tranches tied to market capitalization thresholds of $150.0 million, $225.0 million, $337.5 million, and $506.25 million maintained for 45 consecutive trading days, with accelerated vesting mechanics in connection with qualifying corporate transactions or certain terminations. In addition, prior stock option agreements for Cohen and Novick were amended to extend the post-termination exercise period (other than for cause, death, or disability) from 3 months to 24 months.
WRAP TECHNOLOGIES, INC. (symbol: WRAP) is the issuer of record for a Form 4 filing submitted to the SEC. Novick Jared reported acquisition or exercise transactions in this Form 4 filing.
WRAP TECHNOLOGIES, INC. reported that President and COO Jared Novick received a grant of 2,000,000 shares of restricted common stock on September 2, 2026. The award carries voting and dividend rights from grant and vests in four 500,000‑share tranches upon achieving specified market capitalization targets sustained over 45 consecutive trading days, ranging from $150 million up to $506.25 million. If stockholder approval of an increase in shares reserved under the Wrap Technologies, Inc. 2017 Equity Compensation Plan is not obtained by March 15, 2027, 800,000 of these restricted shares will be forfeited. After the grant, Novick is reported to hold 2,153,012 shares directly and 275,000 shares indirectly through a Scot Cohen Roth IRA.
WRAP TECHNOLOGIES, INC. (symbol: WRAP) is the issuer of record for a Form 4 filing submitted to the SEC. Cohen Scot reported acquisition or exercise transactions in this Form 4 filing.
WRAP TECHNOLOGIES, INC. (WRAP) reported that Executive Chairman and CEO, and more than 10% owner, Scot Cohen received a grant of 4,000,000 shares of restricted common stock on September 2, 2026. These shares have voting and dividend rights but vest only if specified market capitalization hurdles are met over 45 consecutive trading days at levels of $150 million, $225 million, $337.5 million, and $506.25 million, 1,000,000 shares tied to each hurdle. If stockholder approval to increase shares reserved under the 2017 Equity Compensation Plan is not obtained by March 15, 2027, 1,600,000 of these restricted shares are forfeited. After this award, Cohen holds 10,589,555 shares directly and 209,353 shares indirectly through Continuum Ventures, LLC.
WRAP TECHNOLOGIES, INC. (WRAP) reported the closing of a registered direct offering with an institutional investor and an existing investor. The company issued 5,771,519 shares of common stock and pre-funded warrants exercisable for up to 2,800,090 additional shares, for a total of 8,571,609 shares of common stock (or pre-funded warrants in-lieu thereof) at an offering price of $1.40 per share or $1.3999 per pre-funded warrant. Gross proceeds were approximately $12.0 million before fees and expenses. WRAP currently plans to use the net proceeds for working capital and general corporate purposes, including any future planned business expansion. The securities were issued off an effective Form S-3 shelf registration statement, with Maxim Group LLC acting as sole placement agent.
Wrap Technologies, Inc. entered into a registered direct offering with a fundamental institutional investor and an existing investor, offering 8,571,609 shares of common stock (or pre-funded warrants in-lieu thereof) at $1.40 per share, for estimated gross proceeds of $12.0 million before fees and expenses.
The structure includes 5,771,519 shares of common stock and Pre-Funded Warrants to purchase up to 2,800,090 shares, with an initial exercise price of $0.0001 per share and a 4.99% (or 9.99%) Beneficial Ownership Limitation. The company plans to use net proceeds for working capital and general corporate purposes, including future planned business expansion. Maxim Group LLC acts as sole placement agent, earning a 7.0% cash fee on most proceeds, a reduced 3.5% fee on certain investors, plus up to $75,000 in expense reimbursement. Closing is expected on or about August 18, 2026, subject to customary conditions.
Wrap Technologies, Inc. is conducting a shelf takedown offering of 5,771,519 shares of common stock at $1.40 per share and pre-funded warrants to purchase up to 2,800,090 shares at $1.3999 per warrant, with an exercise price of $0.0001 per share. Gross proceeds are expected to be $11,999,972.59, with net proceeds of approximately $10.8 million after a 7% placement fee and estimated expenses. The company plans to use the funds for working capital and general corporate purposes, including future business expansion. Common shares outstanding are expected to be 64,576,572 after the offering, assuming full exercise of the pre-funded warrants, versus 56,004,963 shares outstanding as of August 14, 2026. Pro forma net tangible book value would rise from $0.21 to $0.36 per share, implying an immediate dilution of $1.04 per share to new investors buying in this offering.
Wrap Technologies, Inc. reported sharply higher sales but continued losses for the quarter and six months ended June 30, 2026. Quarterly revenue rose to $2.1 million from $1.0 million a year earlier, driven by stronger BolaWrap 150 device and cassette shipments, while technology-enabled services declined as legacy managed-service contracts wound down. Gross margin improved to 75.3%, but operating expenses of $3.8 million kept the company in a loss position.
Net loss was $2.3 million for the quarter and $6.8 million year-to-date, with results heavily affected by non-cash share-based compensation and the absence of prior-year warrant valuation gains. Liquidity improved: cash reached $4.8 million and working capital $11.6 million, supported by a $5.0 million February 2026 private placement. The business is highly concentrated, with one distributor contributing 74% of Q2 revenue and 76% of receivables. Subsequent to quarter-end, the company invested $2.0 million in Frenel Imaging, secured an exclusive imaging-technology license for its WrapShield platform, and received an ATF ruling confirming the BolaWrap 150 is classified as an instrument of restraint rather than a firearm.