Ondas Networks Announces $8.4 Million Series B Preferred Stock Sale

Details

The agreement involves the sale of shares of preferred stock to various purchasers, with the proceeds aiding Networks' operations. Additionally, a previous note's maturity date was amended to December 31, 2027. The issuance of the preferred stock was exempt from registration under the Securities Act of 1933.

Items reported

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.