MARLBOROUGH, MA / ACCESSWIRE / August 28, 2024 / Ondas Holdings Inc. (NASDAQ:ONDS) (“Ondas” or the “Company”), a number one supplier of personal industrial wi-fi networks and industrial drone and automatic knowledge options by means of our Ondas Networks and Ondas Autonomous Techniques (OAS) enterprise models, at this time introduced that it has entered right into a securities buy settlement with a single institutional investor to buy 5,333,334 models of the Firm, with every unit consisting of 1 share of widespread inventory, one Collection A warrant to buy one share of widespread inventory, and one Collection B warrant to buy one share of widespread inventory. Every unit was offered at a public providing value of $0.75, for gross proceeds of $4.0 million (the “Offering”), earlier than deducting commissions and providing bills. The warrants can have an train value of roughly $0.80 per share, might be exercisable six months from the date of issuance, and within the case of the Collection A warrant, will expire on the 2 and one half-year anniversary from the date of issuance, and within the case of the Collection B warrant, will expire on the 5 and one half-year anniversary from the date of issuance.
Maxim Group LLC is performing as the only real placement agent for the Providing.
Ondas at present intends to make use of the online proceeds from the Providing for working capital and basic company functions. The Providing is predicted to shut on or about August 30, 2024 (the “Closing Date”), topic to the satisfaction of customary closing circumstances.
The Providing is being made pursuant to an efficient shelf registration assertion on Kind S-3, as amended, (File No. 333-276852) beforehand filed with and subsequently declared efficient by the U.S. Securities and Trade Fee (“SEC”) on February 15, 2024. A prospectus complement referring to the securities to be issued within the Providing might be filed by the Firm with the SEC. When accessible, copies of the prospectus complement referring to the Providing, along with the accompanying prospectus, will be obtained on the SEC’s web site at www.sec.gov or by contacting Maxim Group LLC, at 300 Park Avenue, sixteenth Flooring, New York, NY 10022, Consideration: Syndicate Division, or by way of e mail at syndicate@maximgrp.com or by phone at (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 by which such supply, solicitation or sale can be illegal previous to the registration or qualification beneath the securities legal guidelines of any such state or different jurisdiction.
About Ondas Holdings Inc.
Ondas Holdings Inc. (“Ondas”) is a number one supplier of personal wi-fi knowledge options by way of Ondas Networks Inc. (“Ondas Networks”) and industrial drone options by means of Ondas Autonomous Techniques Inc. by way of its wholly owned subsidiaries American Robotics, Inc. (“American Robotics” or “AR”) and Airobotics LTD (“Airobotics”), which we function as a separate enterprise unit known as Ondas Autonomous Techniques.
Ondas Networks is a developer of proprietary, software-based wi-fi broadband expertise for big established and rising industrial and authorities markets. Ondas Networks’ standards-based (802.16s), multi-patented, software-defined radio FullMAX platform allows Mission-Vital IoT (MC-IoT) purposes by overcoming the bandwidth limitations of at this time’s legacy personal licensed wi-fi networks. Ondas Networks’ buyer finish markets embrace railroads, utilities, oil and gasoline, transportation, aviation (together with drone operators) and authorities entities whose calls for span a variety of mission essential purposes.
Our Ondas Autonomous Techniques enterprise unit designs, develops, and markets autonomous drone options by way of the Optimus System™ – the world’s first FAA licensed small UAS (sUAS) developed for aerial safety and knowledge seize and the Iron Drone Raider™, a counter-drone system designed to guard from the rising menace of hostile drones. The Optimus and Iron Drone Raider platforms are extremely automated, AI-powered drone programs able to steady, distant operation and are marketed as “drone-in-a-box” turnkey safety and knowledge resolution. They’re deployed for essential protection, industrial and authorities purposes the place safety, knowledge and knowledge assortment and processing are required. American Robotics and Airobotics have trade main regulatory successes which embrace a primary of its sort FAA Sort Certification for the Optimus System and having the primary drone system permitted by the FAA for automated operation beyond-visual-line-of-sight (BVLOS) and not using a human operator on-site.
Ondas Networks, American Robotics and Airobotics collectively present customers in protection, homeland safety, public security and different essential industrial and authorities safety and infrastructure markets with improved connectivity, situational consciousness and knowledge assortment and knowledge processing capabilities.
For extra data on Ondas Holdings, go to www.ondas.com or observe Ondas Holdings on X previously often known as Twitter and LinkedIn. For extra data on Ondas Networks, go to www.ondasnetworks.com or observe Ondas Networks on X and LinkedIn. For extra data on American Robotics, go to www.american-robotics.com or observe American Robotics on X and LinkedIn. For extra data on Airobotics, go to www.airoboticsdrones.com or observe Airobotics on X and LinkedIn.
Info on our web sites and social media platforms shouldn’t be integrated by reference on this launch or in any of our filings with the U.S. Securities and Trade Fee.
Ahead Wanting Statements
Statements made on this launch that aren’t statements of historic or present info are “forward-looking statements” throughout the which means of the Non-public Securities Litigation Reform Act of 1995, together with statements relating to the anticipated Closing Date and use of proceeds of the Providing. We warning readers that forward-looking statements are predictions primarily based on our present expectations about future occasions. These forward-looking statements will not be ensures of future efficiency and are topic to dangers, uncertainties and assumptions which can be tough to foretell. Our precise outcomes, efficiency, or achievements may differ materially from these expressed or implied by the forward-looking statements because of numerous elements, together with the dangers mentioned beneath the heading “Risk Factors” mentioned beneath the caption “Item 1A. Risk Factors” in Half I of our most up-to-date Annual Report on Kind 10-Okay or any updates mentioned beneath the caption “Item 1A. Risk Factors” in Half II of our Quarterly Reviews on Kind 10-Q and in our different filings with the SEC. We undertake no obligation to publicly replace or revise any forward-looking statements, whether or not because of new data, future occasions or in any other case that happen after that date, besides as required by legislation.
Contacts
IR Contact for Ondas Holdings Inc.
888.350.9994
ir@ondas.com
Media Contact for Ondas
Preston Grimes
Advertising and marketing Supervisor, Ondas Holdings Inc.
preston.grimes@ondas.com
SOURCE: Ondas Holdings Inc.
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