<SEC-DOCUMENT>0001654954-20-007430.txt : 20200807
<SEC-HEADER>0001654954-20-007430.hdr.sgml : 20200807
<ACCEPTANCE-DATETIME>20200707175518
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001654954-20-007430
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20200707

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WRAP TECHNOLOGIES, INC.
		CENTRAL INDEX KEY:			0001702924
		STANDARD INDUSTRIAL CLASSIFICATION:	ORDNANCE & ACCESSORIES, (NO VEHICLES/GUIDED MISSILES) [3480]
		IRS NUMBER:				980551945
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		1817 W 4TH STREET
		CITY:			TEMPE
		STATE:			AZ
		ZIP:			85281
		BUSINESS PHONE:		800-583-2652

	MAIL ADDRESS:	
		STREET 1:		1817 W 4TH STREET
		CITY:			TEMPE
		STATE:			AZ
		ZIP:			85281
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
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<font style="font-family: Times New Roman; font-size: 13px">July 7,
2020</font></div>
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VIA EDGAR</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Ms.
Erin Purnell, Mr. Jay Ingram</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">United
States Securities and Exchange Commission</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: -48px">
<font style="font-family: Times New Roman; font-size: 13px">Division of
Corporation Finance</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: -48px">
<font style="font-family: Times New Roman; font-size: 13px">100 F
Street, N.E.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Washington, D.C.
20549</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Re:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">WRAP
TECHNOLOGIES, INC.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Registration
Statement on Form S-3 filed June 19, 2020</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">File
No. <font style="color: #000000">333-239329</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Ladies
and Gentlemen:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">This
letter is submitted on behalf of <font style="color: #000000">Wrap
Technologies, Inc.</font> (the &#x201C;<font style="font-style: italic">Company</font>&#x201D;) in response to comments
of the staff of the Office of <font style="color: #000000">Manufacturing</font> (the &#x201C;<font style="font-style: italic">Staff</font>&#x201D;) of the Securities and
Exchange Commission (the &#x201C;<font style="font-style: italic">Commission</font>&#x201D;) with respect to
<font style="color: #000000">the Registration Statement on Form
S-3</font> filed June 19, 2020 (the &#x201C;<font style="font-style: italic">Registration Statement</font>&#x201D;) as set
forth in your letter dated <font style="color: #000000">June 30,
2020 (</font>the &#x201C;<font style="font-style: italic">Comment
Letter</font>&#x201D;), addressed to James Barnes, Chief Financial
Officer of the Company. The Company is filing its <font style="color: #000000">Amendment No. 1 to the Registration
Statement</font> (the &#x201C;<font style="font-style: italic">Amendment</font>&#x201D;) contemporaneously
with the submission of this letter to address the comments raised
by the Staff in the Comment Letter, as more particularly set forth
below.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">For
reference purposes, the Staff&#x2019;s numbered comments have been
reproduced in bold herein, with responses immediately following
such comment. The responses provided herein are based upon
information provided to Disclosure Law Group, a Professional
Corporation, by the Company.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Description of Certain Provisions of Delaware Law and Our
Certificate of Incorporation and Bylaws</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="text-decoration: underline; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Choice of Forum, page 12</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
1.</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
We note your disclosure that you do not believe that the exclusive
forum provision "would not apply to suits brought to enforce a duty
or liability created by the Securities Act or the Exchange Act."
Please revise to remove the reference to your belief about the
provision and state clearly whether it does or does not apply to
the Securities Act or the Exchange Act. In addition, the statement
as currently written appears to indicate that the exclusive forum
provision does apply to the Securities Act and the Exchange Act.
Please confirm or revise your disclosure.</font></div>
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<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
Response</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">The
Company respectfully acknowledges the Staff&#x2019;s comment, and
advises the Staff that the Company has <font style="color: #000000">revised the disclosure within the Amendment
regarding the Choice of Forum</font> to remove the reference to our
belief about the provision, and to state that the exclusive forum
provision does not apply to actions or proceedings brought to
enforce a duty or liability created by the Securities Act or the
Exchange Act, or any other claim for which the federal courts have
exclusive jurisdiction, as more particularly set forth
below:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
Choice of Forum</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 60px; margin-right: 0px; text-indent: 48px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Our
Bylaws provide that, unless we consent in writing to the selection
of an alternative forum, the Court of Chancery of the State of
Delaware will be the sole and&#xA0;exclusive forum&#xA0;for (i) any
derivative action or proceeding brought on behalf of the Company,
(ii) any action asserting a claim of breach of a fiduciary duty
owed by, or other wrongdoing by, any director, officer, or other
employee of the Company to the Company or the Company&#x2019;s
stockholders, (iii) any action asserting a claim against the
Company arising pursuant to any provision of the DGCL, our Charter
or our Bylaws, or (iv) any action to interpret, apply, enforce or
determine the validity of our Charter or our Bylaws, or (v) any
action asserting a claim against the Company governed by the
internal affairs doctrine. Our Bylaws provide that any person or
entity purchasing or otherwise acquiring any interest in shares of
our common stock will be deemed to have notice of and to have
consented to this choice of forum provision.&#xA0;
This&#xA0;exclusive forum&#xA0;provision does not apply to
establish the Delaware Court of Chancery as the forum for actions
or proceedings brought to enforce a duty or liability created by
the Securities Act or the Exchange Act or any other claim for which
the federal courts have exclusive jurisdiction.</font></div>
<div style="text-align: justify; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 60px; margin-right: 0px; text-indent: 48px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">This&#xA0;exclusive
forum&#xA0;provision may limit a stockholder&#x2019;s ability to
choose its preferred judicial forum for disputes with us or our
directors, officers, employees or agents, which may discourage the
filing of lawsuits with respect to such claims. If a court were to
find this&#xA0;exclusive forum&#xA0;provision to be inapplicable or
unenforceable in an action, we may incur additional costs
associated with resolving such action in another jurisdiction,
which could adversely affect our business and financial
condition.</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<font style="font-family: Times New Roman; font-size: 13px;"><br></font>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px"><font style="font-family: Times New Roman; font-size: 13px">
We hope that the foregoing has been responsive to the Staff&#x2019;s
comments. If you have any questions or would like further
information regarding the foregoing, please do not hesitate the
Company&#x2019;s counsel, Jessica R. Sudweeks, at (619)
272-7063.</font></font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 48px">

<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Very
truly yours,</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 0px;">
<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
/s/ Jessica R. Sudweeks</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Jessica
R. Sudweeks</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Partner</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">Disclosure Law
Group, a Professional Corporation</font></div>
&#xA0; </div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">&#xA0;
<font style="font-family: Times New Roman; font-size: 13px"><br>
</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">cc:&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">David
Norris</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Chief
Executive Officer</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">James
A. Barnes</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Chief
Financial Officer</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Wrap
Technologies, Inc.</font></div>
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