Stock Track | Ondas Holdings Soars 5.26% Intraday on Acquisition-Related Share Sale Announcement

Stock Track01-23

Ondas Holdings Inc. (ONDS) experienced a significant intraday surge on Thursday, with its stock price soaring 5.26%.

The sharp increase follows the company's announcement regarding the unregistered sale of approximately 1.6 million shares of its common stock. These shares were acquired by certain stockholders in connection with Ondas's acquisition of Sentry CS Ltd., an Israeli company.

The transaction is structured under exemptions from registration (Regulation S and Regulation D), and the company has filed a prospectus supplement with the SEC to cover the potential resale of these shares by the stockholders. Market participants appear to be reacting positively to this strategic acquisition move.

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