Ondas Holdings Inc. Note Holder to Purchase $11.5 Million in Convertible Notes

On December 16, 2024, Ondas Holdings Inc. (NASDAQ: ONDS) announced in a press release that a note holder has elected to purchase $11.5 million in aggregate principal amount of 3% senior convertible notes due 2026. This investment is aimed at driving accelerated expansion within the drone business segment, particularly focusing on defense markets.

The note holder’s decision to purchase these convertible notes marks the fourth investment in Ondas Holdings by them, underlining their confidence in the Company’s drone technologies and its ability to capitalize on significant market opportunities. This funding comes following substantial demand experienced by Ondas Autonomous Systems (OAS), with $14.4 million in orders reported in Q3 2024.

Ondas Holdings intends to utilize the proceeds from this investment for general corporate purposes, primarily to support the growth of its drone business Ondas Autonomous Systems (OAS). The Company plans to strengthen its operational capabilities, including ramping up inventory production to meet anticipated demand in 2025. Moreover, as global defense and security markets seek to upgrade capabilities, there is growing interest in Ondas’ Iron Drone and Optimus platforms as essential tools for protecting critical locations and populations. The company aims to expand its sales, marketing, and support activities globally, with a particular focus on the significant US markets.

The Offering is being facilitated with Oppenheimer & Co. Inc. acting as the placement agent. For more details on the Offering, interested parties are advised to refer to the Form 8-K to be filed by the Company with the Securities and Exchange Commission.

Ondas Holdings Inc. is a distinguished provider of private wireless data solutions through Ondas Networks Inc. and commercial drone solutions via Ondas Autonomous Systems Inc., which includes its wholly owned subsidiaries American Robotics Inc. and Airobotics LTD.

This news release contains forward-looking statements that are subject to risks and uncertainties. Actual results may differ materially from those expressed or implied due to various factors. The Company undertakes no obligation to update any forward-looking statements.

For further information, visit Ondas Holdings Inc.’s official website or follow the company on social media platforms.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Ondas’s 8K filing here.

About Ondas

Ondas Holdings Inc, through its subsidiaries, provides private wireless, drone, and automated data solutions. It operates in two segments, Ondas Networks and Ondas Autonomous Systems. The company designs, develops, manufactures, sells, and supports FullMAX, a software defined radio (SDR) platform for wide-area broadband networks.