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Scot Cohen, Executive Chairman and CEO of Wrap Technologies (NASDAQ:WRAP), sold 96,989 shares of common stock on August 29, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The company, currently valued at $79.53 million, has seen its stock surge 22.48% over the past week according to InvestingPro data. The shares were sold at an average price of $1.306, for a total value of $126,667.
The prices for the shares sold ranged from $1.261 to $1.351. The filing indicates the sale was to cover tax liabilities related to the vesting and settlement of Restricted Stock Units. Following the transaction, Cohen directly owns 6,275,356 shares of Wrap Technologies. InvestingPro analysis shows the company maintains strong liquidity with a current ratio of 5.65 and operates with moderate debt levels, though its overall financial health score indicates some challenges. For deeper insights into insider trading patterns and comprehensive financial analysis, investors can access the detailed Pro Research Report, available for WRAP and 1,400+ other US stocks on InvestingPro.
In other recent news, Wrap Technologies reported its Q2 2025 earnings, revealing a negative earnings per share of -0.07 USD and revenue of 1,000,000 USD. The company highlighted a strategic shift towards new product offerings and cost reductions, which contributed to improvements in operating efficiency and liquidity. Additionally, Wrap Technologies announced a $4.5 million private placement with institutional investors, aimed at advancing its counter-drone technology and expanding law enforcement offerings. This private placement involves the sale of 4,500 shares of Series B Convertible Preferred Stock and warrants for up to 3 million shares of common stock, both with a conversion and exercise price of $1.50 per share.
The company also introduced WrapTactics, a subscription-based digital learning platform for law enforcement officers, designed to combat skill degradation in critical areas such as defensive tactics and firearms proficiency. Furthermore, Wrap Technologies has created a new Series B Convertible Preferred Stock following a private placement agreement with accredited investors. This involves the sale of shares convertible into 3 million shares of common stock, with warrants to purchase an additional 3 million shares, pending stockholder approval.
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