Wrap Technologies, Inc.Issues Letter to Shareholders in Response to Nasdaq Non-Compliance Notification
TEMPE, Ariz. June 21, 2024 - Wrap Technologies, Inc.(NASDAQ: WRAP), a global leader in de-escalation, recently issued a letter to shareholders from Founder and CEO, Scot Cohen.This letter comes in response to the company’s receipt of a Nasdaq notification of non-compliance with Listing Rule 5250(c)(1).
The letter addresses the current situation and provides insight into the steps that Wrap Technologies, Inc.is taking to address the non-compliance issue and maintain its status as a listed company on the Nasdaq exchange.The company remains committed to transparency and keeping shareholders informed about developments that may impact their investment.
Wrap Technologies, Inc.is known for its innovative de-escalation techniques and products that aid law enforcement in safely and effectively managing challenging situations.With 42.652481 million shares outstanding and a current price of $1.715, the company’s potential for growth and success in the market remains strong.
In the letter to shareholders, Scot Cohen reaffirms the company’s dedication to upholding the highest standards of corporate governance and compliance.He expresses confidence in the company’s ability to address the non-compliance issue promptly and efficiently.
As Wrap Technologies, Inc.navigates through this challenging period, shareholders can rest assured that the company is focused on resolving the non-compliance issue and maintaining its position as a leader in the de-escalation market.
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