Form 8-K · Current Report · Filed 2025-02-28
Ondas Networks Inc. Extends Maturity Date of Loan Agreement
Ondas Networks Inc., a subsidiary of Ondas Holdings Inc., has extended the maturity date of a Secured Loan from February 28, 2025, to July 23, 2025, with Charles & Potomac Capital, LLC, an affiliate of a Company director.
- Filer
- Ondas Holdings Inc. ONDS · NASDAQ
- Filed
- Accession
- 0001213900-25-018847
- CIK
- 0001646188
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Details
The initial loan amount was $1,500,000. This amendment is detailed in a Letter Agreement, dated February 28, 2025, and is furnished as Exhibit 10.1 to this 8-K filing.
Items reported
Entry into a Material Definitive Agreement
Creation of a Direct Financial Obligation
Financial Statements and Exhibits
Market reaction
Close before filing
$0.97
Next session
-12.2%
Since filing
+669.6%
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 (1)
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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