Form 8-K · Current Report · Filed 2024-12-03

Ondas Holdings Inc. Issues Additional Convertible Notes

Ondas Holdings Inc. issued additional 3% Series B-2 Senior Convertible Notes worth $4.1 million on December 3, 2024, as part of its existing Securities Purchase Agreement. These notes, which have a maturity date of December 3, 2026, were issued to raise funds for the growth of its drone business at Ondas Autonomous Systems. The issuance of these notes constitutes a direct financial obligation for the registrant.

Filer: Ondas Holdings Inc. ONDS · NASDAQ
Filed: 2024-12-03
Accession: 0001213900-24-105143
CIK: 0001646188
Signal: Medium impactTechnology
Source: Official filing on sec.gov ↗

Items reported

Item 1.01

Entry into a Material Definitive Agreement

Securities Purchase Agreement Financial Instrument Agreement

Item 2.03

Creation of a Direct Financial Obligation

New Debt Issued

Item 9.01

Financial Statements and Exhibits

No viable tag

Market reaction

Close before filing

$0.82

Next session

-3.0%

Since filing

+810.4%

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:

2024-11-29Ondas Holdings Secures $4.1 Million Convertible Note Purchase to Fuel Drone Business Growth-5.4%

2024-11-19Ondas Holdings Granted 180-Day Extension to Regain Nasdaq Compliance+5.3%

2024-11-18Stockholders Approve Key Amendments at Ondas Holdings Annual Meeting-5.9%

2024-11-15Ondas Holdings Announces $2.07M Investment in Ondas Networks-8.8%

2024-11-12Ondas Holdings Reports Largest Bookings in History with $14.4M in Drone Platform Orders-5.5%

Exhibits (4)

EX-4.2ea022333901ex4-2_ondas.htm531 KB EX-4.3ea022333901ex4-3_ondas.htm377 KB EX-5.1ea022333901ex5-1_ondas.htm13 KB EX-5.2ea022333901ex5-2_ondas.htm15 KB

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.

Exchange NASDAQ Industry Communication Equipment Company website ↗

Never miss another ONDS filing

Profitelligence watches EDGAR around the clock and alerts you within seconds.

Set up free alerts