WRAP
Wrap Technologies, Inc.2.1900
-0.1500-6.41%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
112.89MP/E (TTM)
-Basic EPS (TTM)
-0.32Dividend Yield
0%Recent Filings
8-K
8-K
Bylaws voting threshold updated
8-K
CFO exits, CEO adds finance duties
Wrap Technologies mutually separated with CFO Jerry Ratigan effective October 24, 2025, providing him a $50,000 severance in exchange for a full release of claims. CEO Scot Cohen immediately assumed the Principal Financial and Accounting Officer roles without extra pay, while the board expanded to six members and appointed investor John Shulman, founder of Juggernaut Capital, to leverage his financial expertise for growth. This shakeup aims to bolster leadership amid expansion into non-lethal tech markets. Leadership transitions carry execution risks.
8-K
Series B Preferred Stock filed
Wrap Technologies filed its Series B Certificate of Designations on August 20, 2025, officially creating 4,500 shares of Series B Convertible Preferred Stock with a $1,000 stated value, convertible into 3,000,000 common shares at $1.50 each, alongside warrants for another 3,000,000 shares at the same price. This follows the August 18 private placement agreement with accredited investors, pending stockholder approval for conversions. The move bolsters capital access but hinges on shareholder consent.
8-K
Wrap raises $4.5M for drones
Wrap Technologies inked a $4.5 million private placement on August 18, 2025, selling 4,500 shares of Series B Convertible Preferred Stock—each with a $1,000 stated value, convertible into 3,000,000 common shares at $1.50—and warrants for another 3,000,000 shares at the same price, closing expected August 19. This cash infusion bolsters working capital to fast-track counter-drone tech like Wrap-Merlin and Wrap-PANDA, repurposing BolaWrap inventory for federal sales while sustaining law enforcement growth via subscriptions and body cams. Stockholder approval unlocks conversions and exercises; yet dilution looms large.
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