Ondas Note Holder Purchases $4.1 million of Convertible Notes: Funds Primarily to Support Drone Business Expansion and Build Inventory to Meet Growing Demand

ACCESSWIRE11-29 21:30

Investment to support the growth of the Ondas Autonomous Systems (OAS) business which has experienced substantial demand including $14.4 million in orders in Q3 2024 This represents the third ...

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Since the third quarter, we have seen strengthening demand for both our Optimus and Iron Drone Raider autonomous drone platforms. We intend to increase inventory production to meet that demand in 2025. We look forward to updating investors on our 2025 outlook in the first quarter of next year.\"","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BGSX":"Build Acquisition Corp","BK4020":"通信设备","ONDS":"Ondas Holdings Inc."},"translate_title":"Ondas票据持有人购买410万美元可转换票据：资金主要用于支持无人机业务扩张和建立库存以满足不断增长的需求","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BGSX":1,"ONDS":0.9},"content_text":"Investment to support the growth of the Ondas Autonomous Systems (OAS) business which has experienced substantial demand including $14.4 million in orders in Q3 2024\nThis represents the third investment in Ondas Holdings convertible notes,with aggregate principal of $50.1 million, since October of 2022 from this single institutional investor\nBOSTON, MA / ACCESSWIRE / November 29, 2024 / Ondas Holdings Inc. (NASDAQ:ONDS) (\"Ondas Holdings\" or the \"Company\"), a leading provider of private industrial wireless networks and commercial drone and automated data solutions, announced today that a note holder has elected to purchase $4.1 million in aggregate principal amount of 3% senior convertible notes due 2026 (the \"Offering\"). Oppenheimer & Co. Inc. will act as placement agent in connection with the Offering. Also, if elected by the note holder, Ondas Holdings may complete additional closings of up to an additional $30.4 million in aggregate principal amount. The proceeds from the investment in Ondas Holdings will be used for general corporate purposes and will be primarily allocated to supporting the growth of our drone business at Ondas Autonomous Systems (OAS).\n\"Ondas is pleased to secure this additional investment to help support our growth plan, which we believe is now generating significant results,\" said Eric Brock, Chairman and CEO of Ondas Holdings. \"This investment is part of the multi-stage capital plan we outlined at our OAS-focused investor day in September. Since the third quarter, we have seen strengthening demand for both our Optimus and Iron Drone Raider autonomous drone platforms. We intend to increase inventory production to meet that demand in 2025. We look forward to updating investors on our 2025 outlook in the first quarter of next year.\"\nFor additional information regarding the Offering, please see the Form 8-K to be filed by the Company.\nAbout Ondas Holdings Inc.Ondas Holdings Inc. (\"Ondas\") is a leading provider of private wireless data solutions via Ondas Networks Inc. (\"Ondas Networks\") and commercial drone solutions through Ondas Autonomous Systems Inc. via its wholly owned subsidiaries American Robotics, Inc. (\"American Robotics\" or \"AR\") and Airobotics LTD (\"Airobotics\"), which we operate as a separate business unit called Ondas Autonomous Systems.\nOndas Networks is a developer of proprietary, software-based wireless broadband technology for large established and emerging commercial and government markets. Ondas Networks' standards-based (802.16s), multi-patented, software-defined radio FullMAX platform enables Mission-Critical IoT (MC-IoT) applications by overcoming the bandwidth limitations of today's legacy private licensed wireless networks. Ondas Networks' customer end markets include railroads, utilities, oil and gas, transportation, aviation (including drone operators) and government entities whose demands span a wide range of mission critical applications.\nOndas Autonomous Systems Inc. (OAS) specializes in designing, developing, and marketing autonomous drone solutions via its two advanced drone platforms: the Optimus System, the world's first FAA-certified small UAS (sUAS) for aerial security and data capture, and the Iron Drone Raider, a counter-drone system designed to combat hostile drones. Both platforms are highly automated, AI-powered, and capable of continuous, remote operation for critical defense, infrastructure, industrial, and government applications. American Robotics and Airobotics have achieved industry-leading regulatory milestones, including the first-ever FAA Type Certification for the Optimus System and the first drone system approved by the FAA for automated beyond-visual-line-of-sight (BVLOS) operations without an on-site human operator. Ondas Networks, American Robotics and Airobotics together provide users in defense, homeland security, public safety and other critical industrial and government security and infrastructure markets with improved connectivity, situational awareness and data collection and information processing capabilities. \nOndas Networks, American Robotics and Airobotics together provide users in defense, homeland security, public safety and other critical industrial and government security and infrastructure markets with improved connectivity, situational awareness and data collection and information processing capabilities.\nFor additional information on Ondas Holdings, visit www.ondas.com or follow Ondas Holdings on X formerly known as Twitter and LinkedIn. For additional information on Ondas Networks, visit www.ondasnetworks.com or follow Ondas Networks on X and LinkedIn. For additional information on American Robotics, visit www.american-robotics.com or follow American Robotics on X and LinkedIn. For additional information on Airobotics, visit www.airoboticsdrones.com or follow Airobotics on X and LinkedIn. For additional information on Ondas Autonomous Systems, follow us on LinkedIn.\nInformation on our websites and social media platforms is not incorporated by reference in this release or in any of our filings with the U.S. Securities and Exchange Commission.\nForward-Looking StatementsStatements made in this release that are not statements of historical or current facts are \"forward-looking statements\" within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including the risks discussed under the heading \"Risk Factors\" discussed under the caption \"Item 1A. Risk Factors\" in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption \"Item 1A. Risk Factors\" in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date, except as required by law.\nContactsIR Contact for Ondas Holdings Inc.888.350.9994 ir@ondas.com\nMedia Contact for OndasPreston Grimes Marketing Manager, Ondas Holdings Inc. preston.grimes@ondas.com\nSOURCE: Ondas Holdings Inc.\n\nView the original \npress release on accesswire.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2487653565"}