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Re: None

Tuesday, 07/30/2024 12:03:33 PM

Tuesday, July 30, 2024 12:03:33 PM

Post# of 1692
Wrap Technologies has experienced significant changes and challenges. The company's board member, Kevin Mullins, has resigned, leaving a vacancy that the company has yet to address. This development was not linked to any internal disputes or disagreements with the company's operations or practices.

In addition, Wrap Technologies has run into compliance issues with the Nasdaq Stock Market, failing to meet the timely filing requirement for its periodic financial reports. This has led to a warning from Nasdaq, and the company now has to submit a compliance plan to avoid potential delisting.

Furthermore, the company has been notified of its non-compliance with Nasdaq Listing Rule 5250(c)(1) due to the delayed filing of its Annual Report on Form 10-K for the fiscal year that ended December 31, 2023. If the compliance plan is accepted, Wrap Technologies may have until October 14, 2024, to submit the missing reports.”
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