Ondas Holdings Inc.
Ondas Holdings Inc. Faces Potential Delisting from Nasdaq
Summary
On May 22, 2024, Ondas Holdings Inc. (ONDS) received a Nasdaq Staff Deficiency Letter indicating that its common stock bid price had closed below the $1.00 per share requirement for 30 consecutive business days. The company has been given an initial 180-calendar day period until November 18, 2024, to regain compliance. If compliance is not achieved, the company may be eligible for an additional 180-calendar day compliance period if certain conditions are met. Failure to regain compliance could result in delisting from Nasdaq. The company intends to actively monitor its stock price and consider all options to resolve the deficiency.
Profitelligence Alerts
Get alerts for ONDS
Be first to know when Ondas Holdings Inc. files with the SEC.
Filing Categories
Advertisement
About Ondas Holdings Inc.
Ondas Holdings Inc. is a technology company specializing in advanced wireless networking solutions. The company's primary function is to develop and provide mission-critical networking infrastructure for the Industrial Internet of Things (IIoT). Ondas Holdings offers its proprietary FullMAX radio platform, which is designed for secure, reliable, and extensive coverage networking in open and challenging environments, making it particularly suitable for industrial and commercial sectors. The industries it impacts include utilities, transportation, and public safety, among others, by providing robust wireless communication networks that enhance operational efficiencies and safety protocols. Ondas Holdings is significant in the market for its innovative approach to addressing the unique communication needs of large-scale enterprises, driving the digital transformation of traditional industries towards more connected and data-driven operations.
Official SEC Documents
Advertisement