8-K 1 wrtc8k_may302019.htm CURRENT REPORT Blueprint
 

 
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): June 4, 2019
 
WRAP TECHNOLOGIES, INC.
(Exact name of Registrant as specified in its Charter)
 
Delaware
000-55838
98-0551945
(State or other jurisdiction
of incorporation)
(Commission File No.)
(IRS Employer
Identification No.)
 
4620 Arville Street, Suite. E, Las Vegas, Nevada 89103
 
(Address of principal executive offices)
 
 
 
(800) 583-2652
 
(Registrant’s Telephone Number)
 
 
 
Not Applicable
 
(Former name or address, if changed since last report)
 
 
 
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))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
 Name of each exchange on which registered
Common Stock, par value $0.0001 per share
WRTC
Nasdaq Capital Market
 
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 
 


 
 
 
Item 1.01 Entry into a Material Definitive Agreement.
 
On June 4, 2019, Wrap Technologies, Inc. (the “Company”) entered into a Lease Agreement (the “Lease”) with JM Sky Harbor Properties LLC (the “Landlord”), pursuant to which the Company agreed to lease approximately 11,250 square feet of general office, warehouse, assembly and training and distribution space in Tempe, Arizona. The term of the Lease is three years and two months, and, unless otherwise modified, the Lease will end on July 31, 2022. The Lease also provides the Company with the option to extend the term of the Lease for an additional three years on the same terms and conditions as set forth in the Lease. Commencing in month three, the Company's monthly base rent obligation will be approximately $7,650, which amount will increase in the 13th, 25th and 37th months in accordance with the terms of the Lease. In addition, the Company will pay its proportionate share of the area operating expenses. The Lease contains customary provisions for real property leases of this type, including provisions allowing the Landlord to terminate the Lease upon a default by the Company.
 
The foregoing description of the Lease does not purport to be complete and is qualified in its entirety by reference to the full text of Lease filed as Exhibit 10.1 to this Current Report on Form 8-K.
 
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.
 
 
 
 
 
 
 
WRAP TECHNOLOGIES, INC.
 
 
 
 
Date: June 6, 2019
 
By:
/s/ James A. Barnes
 
 
 
James A. Barnes
 
 
 
Chief Financial Officer, Treasurer and Secretary
 
 
 
 
 
 
 
 
Exhibit Index
 
Exhibit No.
 
Description
 
Industrial Real Estate Lease, dated May 10, 2019, by and between Wrap Technologies, Inc. and JM Sky Harbor Properties LLC.