UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported): May 18, 2018
WRAP TECHNOLOGIES, INC.
(Exact name of Registrant as specified in its Charter)
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Delaware
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000-55838
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98-0551945
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(State
or other jurisdiction
of
incorporation)
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(Commission
File No.)
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(IRS
Employer
Identification
No.)
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4620 Arville
Street, Suite. E, Las Vegas, Nevada 89103
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(Address
of principal executive offices)
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(800)
583-2652
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(Registrant’s
Telephone Number)
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Not
Applicable
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(Former
name or address, if changed since last report)
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Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2.
below):
☐
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
☐
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (17
CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934
(17 CFR 240.12b-2) ☐
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange
Act ☐
Wrap Technologies, Inc. (the
“Company”) today announced that on May 18, 2018, the
Financial Industry Regulatory Authority (“FINRA”) issued a quotation clearance to the
Company’s sponsoring market maker and assigned the ticker
symbol “WRTC” to the Company’s common stock, par
value $0.0001 per share (“Common
Stock”). Quotations for
the Company’s Common Stock under the new ticker symbol have
commenced on the OTC Pink Open Market. The Company has also applied
to have its Common Stock quoted on the OTCQB Venture Market and is
currently processing an application to the Depository Trust Company
(“DTC”) for its Common Stock to become DTC
eligible. A copy of the Company’s press release is attached
to this Current Report on Form 8-K as Exhibit 99.1 and is
incorporated herein by reference.
As
a condition to the issuance of the quotation clearance, two of the
Company’s largest shareholders executed six-month lock-up
agreements on April 16, 2018 with respect to a total of 1,675,142
restricted shares of Common Stock acquired outside of the
Company’s initial public offering that was launched in August
2017. Pursuant to these lock-up agreements, each shareholder and
its affiliates agreed not to enter into any transaction involving
the shares during the term of the agreements.
Item
9.01
Financial Statements and Exhibits
See
Exhibit Index.
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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WRAP TECHNOLOGIES, INC.
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Date:
May 23, 2018
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By:
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/s/
James A. Barnes
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James
A. Barnes
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Chief
Financial Officer, Treasurer and Secretary
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Exhibit Index
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Exhibit No.
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Description
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Press
Release dated May 23, 2018
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