SCHEDULE: Wrap Technologies: Iroquois Capital Management Discloses Stake

Iroquois Capital Management LLC, along with Richard Abbe and Kimberly Page, has filed a Schedule 13G detailing their beneficial ownership of Wrap Technologies, Inc. common stock.

Summary

• This filing is an amendment to a Schedule 13G, indicating a change in beneficial ownership for Wrap Technologies, Inc.
• The reporting persons are Iroquois Capital Management LLC, Richard Abbe, and Kimberly Page.
• As of March 31, 2026, Iroquois Capital Management LLC beneficially owns 1,618,473 shares of Common Stock, representing 2.86% of the class.
• Richard Abbe beneficially owns 2,843,615 shares of Common Stock, representing 4.99% of the class.
• Kimberly Page beneficially owns 1,618,473 shares of Common Stock, representing 2.86% of the class.
• The reported ownership includes shares of Common Stock, shares issuable upon conversion of Series A and Series B Convertible Preferred Stock, and shares issuable upon exercise of certain Warrants.
• These convertible securities and warrants are subject to Beneficial Ownership Blockers (4.99% and 9.99%) which limit the number of shares that can be beneficially owned.
• Due to these blockers, the reporting persons are currently prohibited from exercising all warrants or converting all preferred shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, primarily a disclosure of existing holdings and complex capital structure elements rather than an indicator of new performance or strategic shifts.

Positives

• The filing indicates a significant stake held by Iroquois Capital Management LLC and its associated individuals, suggesting investor confidence or strategic interest in Wrap Technologies, Inc.

Negatives

• The presence of Beneficial Ownership Blockers (4.99% and 9.99%) on convertible preferred stock and warrants limits the immediate exercisability and conversion of these securities, potentially capping upside for the reporting persons and indicating complex capital structures.
• The aggregate beneficial ownership of the reporting persons is capped by these blockers, preventing them from fully exercising their potential ownership.

Risks

• The Beneficial Ownership Blockers (4.99% and 9.99%) pose a risk by limiting the ability of the reporting persons to convert preferred stock or exercise warrants, potentially impacting their ability to increase their stake or realize full value from these instruments.
• The complex structure of convertible securities and warrants with ownership limitations could indicate underlying financial challenges or a need for capital that has led to these terms.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports on beneficial ownership as of a specific date.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors and significant shareholders to disclose their holdings. The complexity introduced by 'Beneficial Ownership Blockers' is often seen in companies with convertible securities, which can be a strategy to manage dilution or attract investment under specific terms.

Stakeholder Impact

• Shareholders: The disclosure of significant holdings by Iroquois Capital Management LLC may influence market perception. The presence of Beneficial Ownership Blockers could affect potential dilution from convertible securities and warrants.

Key Dates

Keywords

Wrap Technologies, Schedule 13G, Iroquois Capital Management, Richard Abbe, Kimberly Page, Beneficial Ownership, Convertible Preferred Stock, Warrants, Beneficial Ownership Blocker, SEC Filing