MARLBORO, MA / ACCESSWIRE / August 28, 2024 / Ondas Holdings Inc. (NASDAQ: ONDS) (“Ondas” or the “Firm”) offers personal industrial wi-fi networks and business drones and automatic information options via our Ondas Networks and Ondas Autonomous Methods (OAS) enterprise items ‘s main provider. and one Sequence B warrant to buy one share of frequent inventory. The general public providing worth was $0.75 per unit, with gross proceeds of $4.0 million earlier than commissions and providing bills (the “Concern”). The train worth of the warrants is roughly US$0.80 per share and can develop into exercisable inside six months from the date of issuance. For Sequence A warrants, they may expire two and one-half weeks from the date of issuance. For Sequence B warrants, For fairness warrants, they may expire on the fifth and half anniversary of the issuance date.
Maxim Group LLC is appearing because the unique placement agent for the providing.
Ondas at present intends to make use of the web proceeds from the providing for working capital and basic company functions. The Providing is anticipated to shut on or about August 30, 2024 (the “Closing Date”), topic to customary closing situations.
The providing is being made pursuant to an efficient shelf registration assertion on Type S-3, as amended (File No. 333-276852), which was beforehand filed with the U.S. Securities and Trade Fee (“SEC”) in February and subsequently declared efficient December 15, 2024. Copies of the prospectus complement and accompanying prospectus referring to the providing could also be obtained on the SEC’s web site at www.sec.gov or by contacting Maxim Group LLC, 300 Park Avenue, sixteenth Flooring, New York, NY 10022, Attn: Syndicate Division, or e-mail syndicate@maximgrp.com or name (212) 895-3745.
This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase these securities, nor shall there be any sale of those securities in any state or different jurisdiction through which such supply, solicitation or sale could be made previous to the date hereof. unlawful.
About Ondas Holding Firm
Ondas Holdings Inc. (“Ondas”) is a number one supplier of personal wi-fi information options via Ondas Networks Inc. (“Ondas Networks”) and, via its wholly-owned subsidiary American Robotics, Inc. (via Ondas Autonomous Methods Inc.) offers drone options.
Ondas Networks is a developer of proprietary software-based wi-fi broadband know-how serving giant established and rising business and authorities markets. Ondas Networks’ standards-based (802.16s), multi-patented software-defined radio FullMAX platform overcomes the bandwidth limitations of in the present day’s conventional personal licensed wi-fi networks to assist mission-critical Web of Issues (MC-IoT) functions. Ondas Networks’ buyer markets embrace rail, utilities, oil and fuel, transportation, aviation (together with drone operators) and authorities entities, with wants spanning a variety of mission-critical functions.
Our Ondas Autonomous Methods enterprise unit delivers merchandise via the Optimus System™, the world’s first FAA-certified small unmanned aerial car (sUAS) developed particularly for aerial safety and information acquisition, and the Iron Drone Raider, a counter-drone system ™ designs, develops and sells autonomous drone options designed to guard towards the rising menace of hostile drones. The Optimus and Iron Drone Raider platforms are extremely automated, synthetic intelligence-driven drone programs able to steady distant operation and marketed as “drone-in-a-box” turnkey safety and information options. They’re deployed in essential protection, industrial and authorities functions that require safety, information and data assortment and processing. American Robotics and Airobotics have achieved industry-leading regulatory successes, together with the primary FAA kind certification for the Optimus system and the primary FAA-approved unmanned aerial system for past visible line of sight (BVLOS) automated operations. Human operator.
Collectively, Ondas Networks, American Robotics and Airobotics present improved connectivity, situational consciousness and information assortment and data processing capabilities to customers in protection, homeland safety, public security and different essential industrial and authorities safety and infrastructure markets.
For extra details about Ondas Holdings, please go to www.ondas.com or comply with Ondas Holdings on X (previously Twitter and LinkedIn). For extra details about Ondas Networks, please go to www.ondasnetworks.com or comply with Ondas Networks on X and LinkedIn. For extra details about American Robotics, go to www.american-robotics.com or comply with American Robotics on X and LinkedIn. For extra details about Airobotics, please go to www.airoboticsdrones.com or comply with Airobotics on X and LinkedIn.
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forward-looking statements
Statements on this press launch should not statements of historic or present truth however are “forward-looking statements” inside the which means of the Personal Securities Litigation Reform Act of 1995, together with statements concerning the anticipated cut-off date and use of proceeds from this providing. We warning readers that forward-looking statements are predictions based mostly on our present expectations of future occasions. These forward-looking statements should not ensures of future efficiency and are topic to dangers, uncertainties and assumptions which are troublesome to foretell. Our precise outcomes, efficiency or achievements might differ materially from these expressed or implied by the forward-looking statements because of quite a lot of components, together with the dangers mentioned below the heading “Danger Components” mentioned below the heading “Merchandise 1A.” “Danger Components” in Half I of our annual report on Type 10-Ok, or any updates mentioned below the heading “Merchandise 1A” in Half II of our quarterly studies on Type 10-Q and in our different filings with the U.S. Authorities content material. We undertake no obligation to publicly replace or revise any forward-looking assertion, whether or not because of new data, future occasions or in any other case after the date hereof, besides as required by legislation.
Contact data
Ondas Holdings Inc. IR Contact
888.350.9994
ir@ondas.com
Ondas media contact
Preston Grimes
Advertising Supervisor of Ondas Holding Firm
preston.grimes@ondas.com
supply: ondas holding co., ltd.
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