Wrap Technologies, Inc. entered into a Membership Interest Purchase Agreement to acquire Intrensic, LLC from Kevin Mullins for $2.7 million.

Wrap Technologies, Inc. (NasdaqCM:WRAP) entered into a Membership Interest Purchase Agreement to acquire Intrensic, LLC from Kevin Mullins for $2.7 million on August 9, 2023. Wrap Technologies acquire all of the Membership Interest of Intrensic for a total purchase price of: (i) $553,588 in cash; and (ii) 1,250,000 shares of the Wrap Technologies?s common stock. The transaction is expected to close in the next few days.

D. Lee Flaherty of Bass, Berry & Sims PLC acted as legal advisor for Intrensic and Jack Kennedy of Disclosure Law Group, LLP acted as legal advisor for Wrap Technologies.