Form 8-K · Current Report · Filed 2024-11-15
Ondas Holdings Announces $2.07M Investment in Ondas Networks
Ondas Holdings Inc. announced that its subsidiary, Ondas Networks Inc., has entered into a Securities Purchase Agreement for an aggregate investment of $2.07 million. The agreement involves the sale of secured convertible promissory notes to a private investor group, including Charles & Potomac Capital, LLC, and includes warrants for additional securities. The issuance is exempt from registration under Regulation D. This transaction does not require further closings unless extended by January 15, 2025.
- Filer
- Ondas Holdings Inc. ONDS · NASDAQ
- Filed
- Accession
- 0001213900-24-099108
- CIK
- 0001646188
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Entry into a Material Definitive Agreement
Creation of a Direct Financial Obligation
Unregistered Sales of Equity Securities
Financial Statements and Exhibits
Market reaction
Close before filing
$0.74
Next session
-8.8%
Since filing
+908.8%
Latest close
$7.46
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from ONDS reporting the same item, with the next session's move:
Exhibits (2)
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.
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