<SEC-DOCUMENT>0001387131-20-009498.txt : 20201102
<SEC-HEADER>0001387131-20-009498.hdr.sgml : 20201102
<ACCEPTANCE-DATETIME>20201030191249
ACCESSION NUMBER:		0001387131-20-009498
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20201030
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20201102
DATE AS OF CHANGE:		20201030

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Byrna Technologies Inc.
		CENTRAL INDEX KEY:			0001354866
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
		IRS NUMBER:				711050654
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-132456
		FILM NUMBER:		201278656

	BUSINESS ADDRESS:	
		STREET 1:		107 AUDUBON ROAD
		STREET 2:		BLDG 2, SUITE 201
		CITY:			WAKEFIELD
		STATE:			MA
		ZIP:			01880
		BUSINESS PHONE:		978-868-5011

	MAIL ADDRESS:	
		STREET 1:		107 AUDUBON ROAD
		STREET 2:		BLDG 2, SUITE 201
		CITY:			WAKEFIELD
		STATE:			MA
		ZIP:			01880

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Security Devices International Inc.
		DATE OF NAME CHANGE:	20060301
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>byrn-8k_103020.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
<html>
<head>
<title></title>
</head>
<body>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></p>

<!-- Field: Rule-Page --><div style="margin-top: 0; margin-bottom: 0; width: 100%"><div style="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>&nbsp;</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>&nbsp;</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>UNITED STATES</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>SECURITIES AND EXCHANGE COMMISSION</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Washington, D.C. 20549</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>FORM 8-K</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>CURRENT REPORT</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Pursuant to Section 13 or 15(d) of the</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Securities Exchange Act of 1934</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of Report (Date of earliest event reported):
<b>October 30, 2020</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>BYRNA TECHNOLOGIES INC.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of registrant as specified in its
charter)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b><u>Delaware</u></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(State or other jurisdiction of incorporation)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<table cellspacing="0" cellpadding="0" align="center" style="width: 80%; font: 11pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="border-bottom: black 1pt solid; padding-left: 30.15pt; text-align: center; width: 40%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>333-132456</b></font></td>
    <td style="padding-left: 30.15pt; text-align: center; width: 20%">&nbsp;</td>
    <td style="border-bottom: black 1pt solid; padding-left: 30.15pt; text-align: center; width: 40%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>71-1050654</b></font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-left: 30.15pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Commission File Number)</font></td>
    <td style="padding-left: 30.15pt; text-align: center">&nbsp;</td>
    <td style="padding-left: 30.15pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(IRS Employer Identification No.)</font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>&nbsp;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>100 Burtt Road, Suite 115 </b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Andover, MA 01810</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address and Zip Code of principal executive
offices)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>(978) 868-5011</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Registrant&rsquo;s telephone number, including
area code)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</p>

<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 3%">&nbsp;</td>
    <td style="width: 3%"><font style="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9744;</font></td>
    <td style="width: 94%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9744;</font></td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9744;</font></td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9744;</font></td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (&sect;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (&sect;240.12b-2 of this chapter).</p>

<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">Emerging growth company&nbsp;&#9744;</p>

<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. &#9744;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>&nbsp;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">Securities registered pursuant to Section 12(b) of the Act: None</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>&nbsp;</b></font></p>


<!-- Field: Page; Sequence: 1 -->
    <div style="margin-bottom: 6pt; border-bottom: Black 1pt solid"><table cellpadding="0" cellspacing="0" style="width: 100%"><tr><td style="text-align: center; width: 100%">&nbsp;</td></tr></table></div>
    <div style="page-break-before: always; margin-top: 6pt"><table cellpadding="0" cellspacing="0" style="width: 100%"><tr><td style="text-align: center; width: 100%">&nbsp;</td></tr></table></div>
    <!-- Field: /Page -->



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"></font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%">
<tr style="vertical-align: top">
    <td style="width: 10%; font: 11pt Calibri, Helvetica, Sans-Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Item 7.01.</b></font></td>
    <td style="width: 90%; font: 11pt Calibri, Helvetica, Sans-Serif; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Regulation FD Disclosure.</b></font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0; text-align: justify">On October 30, 2020, Byrna Technologies
Inc. issued a press release. Pursuant to Item 7.01 of Form 8-K, a copy of the press release is furnished as Exhibit 99.1 to this
Current Report on Form 8-K.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">The information in Item 7.01, Item 9.01
and Exhibit 99.1 shall not be deemed &ldquo;filed&rdquo; for purposes of Section 18 of the Securities Exchange Act of 1934, or
otherwise subject to the liability of such section, nor shall it be deemed incorporated by reference in any filing of the Company
under the Securities Act of 1933 or the Securities Exchange Act of 1934, regardless of any general incorporation language in such
filing, unless expressly incorporated by specific reference in such filing.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><i>This Current Report on Form 8-K and
the attached Exhibit 99.1 contain &ldquo;forward-looking statements&rdquo; within the meaning of the U.S. and Canadian securities
laws, including Private Securities Litigation Reform Act of 1995. All statements, other than statements of current and historical
fact, are forward-looking. Often, but not always, forward-looking statements can be identified by the use of words such as &ldquo;plans&rdquo;,
&ldquo;expects&rdquo;, &ldquo;intends&rdquo;, &ldquo;anticipates&rdquo; and &ldquo;believes&rdquo; and statements that certain
actions, events or results &ldquo;may&rdquo;, &ldquo;could&rdquo;, &ldquo;would&rdquo;, &ldquo;should&rdquo;, &ldquo;might,&rdquo;
&ldquo;occur&rdquo; or &ldquo;be achieved&rdquo; or &ldquo;will be taken.&rdquo; Forward-looking statements include descriptions
of currently occurring matters which may continue in the future. Forward-looking statements are not, and cannot be, a guarantee
of future results or events. Forward-looking statements are based on, among other things, opinions, assumptions, estimates and
analyses that, while considered reasonable by the Company at the date the forward-looking information is provided, inherently are
subject to significant risks, uncertainties, contingencies and other factors that may cause actual results and events to be materially
different from those expressed or implied.</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><i>Any number of risk factors could affect
our actual results and cause them to differ materially from those expressed or implied by the forward-looking statements, including,
but not limited to: failure to retain quality personnel including but not limited to disruption of the business due to the ongoing
pandemic, downturns in the business or economy that affect future staffing and hiring needs, changes in business direction, interruption
of the Company&rsquo;s insurance coverage or employee benefits, a decline in the Company&rsquo;s stock price, change in political
climate or laws and regulations applicable to the business, financial results or other events that raise questions about the Company&rsquo;s
continued growth or prospects, or other factors or events including changes in the regulatory or competitive landscape that could
lead to employee or director turnover or negatively affect the Company&rsquo;s prospects or stock price. The order in which these
factors appear should not be construed to indicate their relative importance or priority. We caution that these factors may not
be exhaustive, accordingly, any forward-looking statements contained herein should not be relied upon as a prediction of actual
results. Stockholders, potential investors and other readers should carefully consider these and other relevant factors, including
those risk factors in Part I, Item 1A in our most recent Form 10-K and subsequent filings with the Securities and Exchange Commission
(SEC), should understand it is impossible to predict or identify all such factors or risks, should not consider the foregoing list,
or the risks identified in our SEC filings, to be a complete discussion of all potential risks or uncertainties, and should not
place undue reliance on forward-looking information. The Company assumes no obligation to update or revise any forward-looking
information, except as required by applicable law.</i></p>


<!-- Field: Page; Sequence: 1 -->
    <div style="margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="width: 100%"><tr><td style="text-align: center; width: 100%">&nbsp;</td></tr></table></div>
    <div style="page-break-before: always; margin-top: 6pt"><table cellpadding="0" cellspacing="0" style="width: 100%"><tr><td style="text-align: center; width: 100%">&nbsp;</td></tr></table></div>
    <!-- Field: /Page -->



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; background-color: white; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 10%; padding-bottom: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Item&nbsp;9.01.</b></font></td>
    <td style="font: 11pt Calibri, Helvetica, Sans-Serif; padding-bottom: 0; width: 90%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Financial Statements and Exhibits.</b></font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; background-color: white; border-collapse: collapse">
<tr>
    <td style="width: 6%; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)</font></td>
    <td style="vertical-align: top; width: 1%">&nbsp;</td>
    <td style="vertical-align: top; width: 93%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibits.</font></td></tr>
<tr>
    <td>&nbsp;</td>
    <td colspan="2">&nbsp;</td></tr>
<tr style="background-color: #CCEEFF">
    <td style="white-space: nowrap; vertical-align: top"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</font></td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><a href="ex99-1.htm">Press Release, dated October 30, 2020</a></font></td></tr>
<tr>
    <td style="white-space: nowrap; vertical-align: top">&nbsp;</td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top; text-align: justify">&nbsp;</td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>&nbsp;</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&nbsp;</font></p>


<!-- Field: Page; Sequence: 3 -->
    <div style="margin-bottom: 6pt; border-bottom: Black 1pt solid"><table cellpadding="0" cellspacing="0" style="width: 100%"><tr><td style="text-align: center; width: 100%">&nbsp;</td></tr></table></div>
    <div style="page-break-before: always; margin-top: 6pt"><table cellpadding="0" cellspacing="0" style="width: 100%"><tr><td style="text-align: center; width: 100%">&nbsp;</td></tr></table></div>
    <!-- Field: /Page -->

<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0 90.3pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">SIGNATURES</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0.35pt 0 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>&nbsp;</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.95pt; text-indent: 22.5pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 8pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 8pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>BYRNA
    TECHNOLOGIES INC.</b></font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 8pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>
<tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; width: 49%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date:
    October 30, 2020</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 3%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</font></td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 40%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;/s/
    Bryan Ganz</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 8%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>
<tr style="font: 10pt Times New Roman, Times, Serif">
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-bottom: 8pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
        Bryan Ganz</font></p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:
        Chief Executive Officer</font></p></td>
    <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; padding-bottom: 8pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.95pt; text-indent: 22.5pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt"></p>

<!-- Field: Page; Sequence: 4; Options: Last -->
    <div style="margin-bottom: 6pt; border-bottom: Black 1pt solid"><table cellpadding="0" cellspacing="0" style="width: 100%"><tr><td style="text-align: center; width: 100%">&nbsp;</td></tr></table></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>


</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99-1.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="byrn-8k_103020.htm">BYRNA TECHNOLOGIES INC.&nbsp;8-K</A></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
99.1</B></FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; font: 11pt Arial, Helvetica, Sans-Serif"><IMG SRC="ex99-1_img001.gif" ALT="" STYLE="height: 94px; width: 188px"></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; color: red"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; color: red"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Byrna
Technologies Authorizes Incentive Equity Package for CEO and Other Key Employees </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ANDOVER,
MA - October 30, 2020 - Byrna Technologies Inc. (OTCQB: BYRN) (CSE: BYRN) (&#8220;Byrna&#8221; or the &#8220;Company&#8221;) announced
the granting of restricted stock units (&#8220;RSUs&#8221;) to Bryan Ganz, its Chief Executive Officer (&#8220;CEO&#8221;) and
other key employees, and the granting of restricted stock to directors as partial compensation for services rendered upon the
expiration of their current terms on November 19, 2020.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subject
to applicable regulatory approvals, satisfaction of contractual conditions and the approval of the 2020 Equity Plan by the stockholders
at the Company's next Annual Meeting (the &#8220;Stockholder Meeting&#8221;), the Company has approved the issuance of (i) 6,735,000
RSUs to 11 individual employees, (ii) 180,833 shares of restricted stock to be issued to 7 non-employee directors, (iii) 9,000,000
RSUs to Mr. Ganz, and (iv) 83,000 options to acquire common stock (with an exercise price of $1.50 per share) to a consultant.
All of the grants are pursuant to and governed by the terms of the Company&#8217;s 2020 Equity Plan, which has been approved by
the Board and is to be submitted to a vote by stockholders at the Stockholder Meeting scheduled for November 19, 2020. The RSUs
granted to Mr. Ganz are subject to stockholder approval of his employment agreement at the upcoming Stockholder Meeting and vest
only upon the completion of a contractual service term of three years, and only to the extent that designated stock price targets
have been reached. For full details please see Employment Agreement previously filed as an exhibit to the Company&#8217;s Form
8-K dated September 14, 2020. The RSUs granted to the other employees also contain vesting triggers based on the Company&#8217;s
stock price and require completion of three years of service from their effective date before they can vest. The RSU grants that
were approved for three officers will not be effective until their respective completion of 90 days of service with the Company.
The options granted to the consultant will vest over the initial one year term of the consulting agreement and will have an exercise
term of two years.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8220;We
are pleased the Board has implemented the new 2020 Equity Plan,&#8221; commented Mr. Ganz. &#8220;The variety of compensation
options afforded under the plan better positions us to attract and retain high quality personnel and incentivize them by aligning
their interests with the interests of our shareholders in increasing long term shareholder value.&#8221;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company also announced that it has notified holders of 1,140,000 outstanding warrants issued October 22, 2018, (&#8220;Warrants&#8221;)
that it is exercising its early termination rights under a provision in the Warrants allowing for their termination if, after
the passage of two years the stock price closed above USD $0.35 for twenty consecutive trading days. The exercise of the Warrants
is expected to generate proceeds of up to $285,000 for the Company in the quarter ending November 30, 2020.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>About
Byrna Technologies Inc. </B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Byrna
is a technology company, specializing in the development, manufacture, and sale of innovative less lethal equipment and munitions.
For more information on the Company, please visit the corporate website <FONT STYLE="color: #0070C0"><U>here</U></FONT> or the
Company's investor relations site <FONT STYLE="color: #0070C0"><U>here</U></FONT><FONT STYLE="color: #1155CC">.</FONT></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 237.55pt 0 0; text-align: justify"><B><I>&nbsp;</I></B></P>


<!-- Field: Page; Sequence: 1; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 237.55pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Forward
Looking Information</I></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>This
news release contains &quot;forward-looking statements&quot; within the meaning of the U.S. and Canadian securities laws. All
statements contained in this news release, other than statements of current and historical fact, are forward-looking. Often, but
not always, forward-looking statements can be identified by the use of words such as &quot;plans&quot;, &quot;expects&quot;, &quot;intends&quot;,
&quot;anticipates&quot; and &quot;believes&#8221; and statements that certain actions, events or results &quot;may&quot;, &quot;could&quot;,
&quot;would&quot;, &quot;should&quot;, &quot;might,&quot; &quot;occur&quot; or &quot;be achieved&quot; or &quot;will be taken.&#8221;
Forward-looking statements include descriptions of currently occurring matters which may continue in the future. Forward-looking
statements in this news release include but are not limited to the benefits expected from the 2020 Equity Compensation Plan and
securities grants to the Company&#8217;s ability to retain and incentivize high quality personnel and directors and the expected
revenue to be generated from warrant exercises in the quarter ending November 30, 2020. Forward-looking statements are not, and
cannot be, a guarantee of future results or events. Forward-looking statements are based on, among other things, opinions, assumptions,
estimates and analyses that, while considered reasonable by the Company at the date the forward-looking information is provided,
inherently are subject to significant risks, uncertainties, contingencies and other factors that may cause actual results and
events to be materially different from those expressed or implied.</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Any
number of risk factors could affect our actual results and cause them to differ materially from those expressed or implied by
the forward-looking statements in this news release, including, but not limited to: failure to retain quality personnel including
but not limited to disruption of the business due to the ongoing pandemic, downturns in&nbsp;the business or economy that affect
future staffing and hiring needs,&nbsp;changes in business direction, interruption of the Company&#8217;s insurance coverage or
employee benefits,&nbsp;a decline in the Company&#8217;s stock price, a change in political climate or laws and regulations applicable
to the business, financial results or other events that raise questions about the Company&#8217;s continued growth or prospects,
or other factors or events including changes in the regulatory or competitive landscape that could lead to employee &nbsp;or director
turnover or negatively affect the Company&#8217;s prospects or stock price.&nbsp;The order in which these factors appear should
not be construed to indicate their relative importance or priority. We caution that these factors may not be exhaustive, accordingly,
any forward-looking statements contained herein should not be relied upon as a prediction of actual results. Investors should
carefully consider these and other relevant factors, including those risk factors in Part I, Item 1A in our most recent&nbsp;Form&nbsp;10-K
and subsequent filings with the Securities and Exchange Commission (&#8220;SEC&#8221;),&nbsp;should understand it is impossible
to predict or identify all such factors or risks, should not consider the foregoing list, or the risks identified in our SEC filings,
to be a complete discussion of all potential risks or uncertainties., and should not place undue reliance on forward-looking information.
The Company assumes no obligation to update or revise any forward-looking information, except as required by applicable law.</I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Contact:</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Byrna
        Technologies Inc.</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lisa
        Wager, Chief Legal Officer</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">978-665-2721&nbsp;</FONT></P></TD>
    <TD STYLE="width: 50%"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Investor
        Relations Counsel:</B></FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
        Equity Group Inc.</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fred
        Buonocore, CFA&nbsp;&nbsp;212-836-9607</FONT></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mike
        Gaudreau&nbsp;&nbsp; 212-836-9620</FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 2; Options: NewSection Last; Value: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%; text-align: right"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>ex99-1_img001.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 ex99-1_img001.gif
M1TE&.#=AO !> '<  "'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E "P
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ME6^=?4:,!7E-U %N^W'DB8_]< !DET*6"5)H!]V01" 3*: ",9X=Q-!231$
M6A)-3-4830B\*:!EV\4T 9H*#8><0$^$&0 $0)KI*$H&'(">FULBE9@)BZC
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M3 *:HZX$'.!G+#I !\LUH4BUIE)$*HC(%A4K67%@:+$:V<CZ$;]#$2!,'&A
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M*8@-A-*Y[>DG]J#<$4$4@!]6QO*5KU)536:I$!B3DZ=<;.*>73-W);;+>1+
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M%% 2GK<HTW$ Q! 6!O-ZJE),8B8L.=<4!V !!Q!OPJ(JB90D$T +$\ 0&4,
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M(UP8F<3#1RP4):RC(!$!2PRU)=S#13P 43P8!AR\"T"^*F' Q5",0HPK'/P
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M2K!)"\!C:AR\>&6XNCWDWVOAB^MN+HX62A !I7O@Q<NJ-..[>"4(A^ THNL
MHNS)8C[F9%[F9G[F:)[F:K[F;-[F;O[F<![G<C[G=%[G=G[G>)[G>K[G?#[G
$ 0$ .P$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
