Every material Form 8-K WRAP TECHNOLOGIES, INC. has filed with the SEC since August 18, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Wrap Technologies increased its board from six to seven directors and appointed Edward Delatorre as a director effective immediately, with a term running to the 2026 annual meeting. The company also granted him options to buy 30,000 shares at $1.45 per share, a routine director compensation step that adds a small amount of potential dilution.
Board appointed Edward Delatorre on October 20, 2026; board expanded from six to seven directors
Delatorre has not yet been named to any board committee
Options cover 30,000 shares at an exercise price of $1.45 per share, with a ten-year term
50% of the options vest on October 20, 2027; the remainder vest in four equal quarterly installments over the following year
Wrap Technologies amended the employment agreements of Chief Executive Officer Scot Cohen and President and Chief Operating Officer Jared Novick and approved performance restricted stock grants to each on September 2, 2026. The awards total 6,000,000 shares and vest only if the company's market capitalization meets thresholds from $150.0 million to $506.25 million, with part of the shares also tied to a stockholder vote to increase the equity plan's authorized shares. The filing also extends the post-termination exercise period on certain prior stock options from three months to 24 months.
Scot Cohen receives 4,000,000 performance restricted stock shares; Jared Novick receives 2,000,000, approved September 2, 2026.
Shares vest in tranches when market capitalization meets $150.0 million, $225.0 million, $337.5 million and $506.25 million for 45 consecutive trading days.
1,600,000 Cohen shares and 800,000 Novick shares are void if stockholders do not approve an equity plan increase by March 15, 2027.
Both employment agreements set a $200,000 annualized base salary and a two-year initial term, with 12-month automatic renewals.
Wrap Technologies, Inc. closed a registered direct offering on August 18, 2026, selling 8,571,609 shares of common stock or pre-funded warrants in lieu of shares at $1.40 per share. Gross proceeds were approximately $12.0 million before placement agent fees and other offering expenses, and the company plans to use them for working capital and general corporate purposes. Shareholders should note that the sale adds new shares to the count, which can dilute existing holders.
Offering closed August 18, 2026; the purchase agreement was signed August 16, 2026.
Total of 8,571,609 shares: 5,771,519 common shares plus pre-funded warrants for up to 2,800,090 shares, priced at $1.40 per share ($1.3999 per pre-funded warrant).
Gross proceeds of approximately $12.0 million before offering expenses; Maxim Group LLC was the sole placement agent.
Securities were sold under a Form S-3 shelf registration declared effective December 18, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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