BENSALEM, Pa.–(BUSINESS WIRE)–$WRTC #classaction–Law Offices of Howard G. Smith announces an investigation on behalf of Wrap Technologies, Inc. (“Wrap” or the “Company”) (NASDAQ: WRTC) investors concerning the Company’s possible violations of federal securities laws.
On September 23, 2020, White Diamond Research published a report alleging, among other things, that Wrap’s trial pilot program for its BolaWrap product was a disaster. According to the report: “Over a six-month period, 200 BolaWrap devices in the hands of 1,100 LAPD officers in the field were only used nine times, and only worked once.”
On this news, Wrap’s shares fell $2.07 per share, or 25%, to close at $6.07 per share on September 23, 2020, thereby injuring investors.
If you purchased Wrap securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.
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