0001415889-23-010942.txt : 20230707
0001415889-23-010942.hdr.sgml : 20230707
20230707142953
ACCESSION NUMBER: 0001415889-23-010942
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230705
FILED AS OF DATE: 20230707
DATE AS OF CHANGE: 20230707
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Cohen Scot
CENTRAL INDEX KEY: 0001558913
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38750
FILM NUMBER: 231076390
MAIL ADDRESS:
STREET 1: 20 EAST 20TH ST.
STREET 2: APT. 6
CITY: NEW YORK
STATE: NY
ZIP: 10003
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: WRAP TECHNOLOGIES, INC.
CENTRAL INDEX KEY: 0001702924
STANDARD INDUSTRIAL CLASSIFICATION: ORDNANCE & ACCESSORIES, (NO VEHICLES/GUIDED MISSILES) [3480]
IRS NUMBER: 980551945
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1817 W 4TH STREET
CITY: TEMPE
STATE: AZ
ZIP: 85281
BUSINESS PHONE: 800-583-2652
MAIL ADDRESS:
STREET 1: 1817 W 4TH STREET
CITY: TEMPE
STATE: AZ
ZIP: 85281
4
1
form4-07072023_060747.xml
X0407
4
2023-07-05
0001702924
WRAP TECHNOLOGIES, INC.
WRAP
0001558913
Cohen Scot
C/O WRAP TECHNOLOGIES, INC.
1817 W 4TH STREET
TEMPE
AZ
85281
true
false
true
false
0
Common Stock
4985151
D
Series A Convertible Preferred Stock
1.45
2023-07-05
4
P
0
1250
A
Common Stock
862069
1250
D
Warrants
1.45
2023-07-05
4
P
0
862069
A
2028-07-05
Common Stock
862069
862069
D
Series A Convertible Preferred Stock
1.45
2023-07-05
4
P
0
1750
A
Common Stock
1206897
1750
I
By V4 Global LLC
Warrants
1.45
2023-07-05
4
P
0
1206897
A
2028-07-05
Common Stock
1206897
1208647
I
By V4 Global LLC
Stock Options
5.56
2021-12-01
2031-04-01
Common Stock
100000
100000
D
The Series A Convertible Preferred Stock ("Preferred Shares") conversion price is subject to adjustment in the event of any issuances of shares of the Issuer's common stock ("Common Stock"), or securities convertible, exercisable or exchangeable for Common Stock, at a price below $1.45.
The Reporting Person's ability to convert the Preferred Shares is conditioned on stockholder approval in compliance with the rules and regulations of The Nasdaq Capital Market.
Shares of Series A Convertible Preferred Stock do not expire.
The Preferred Shares and Warrants reported herein were acquired pursuant to a Securities Purchase Agreement by and between the Reporting Person and the Issuer, which transaction was approved by the Board of Directors of the Issuer, whereby the Reporting Person acquired each Preferred Share and associated Warrant at a purchase price of $1,000 per Preferred Share.
The conversion price of the Warrants is subject to adjustment in the event of any issuances of Common Stock, or securities convertible, exercisable or exchangeable for Common Stock, at a price below $1.45.
The Warrants will become exercisable on January 3, 2024, subject to stockholder approval in compliance with the rules and regulations of the Nasdaq Capital Market.
Stock option was issued on April 1, 2021, reported on a Form 4 filed on April 5, 2021, and is fully vested.
/s/ Scot Cohen
2023-07-07