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NEWS TODAY
Ondas Note Holder Purchases $18.9 Million More in Convertible Notes as Company Enters 2025 with Significant Momentum Supported by Robust Cash Position
Monday, 30th December at 8:30 am
Gearing up to meet demand at Ondas Autonomous Systems (OAS) for Optimus and Iron Drone platforms
Ondas Holdings has raised $30 million in net proceeds from this single investor since December 3rd and achieved the funding targets set at the OAS Investor Day in September 2024
BOSTON, MASSACHUSETTS / ACCESSWIRE / December 30, 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 $18.9 million in aggregate principal amount of 3% senior convertible notes due 2026 (the "Offering"). This marks the third investment from the investor in Ondas Holdings convertible notes since December 3rd, resulting in $30 million in net cash proceeds to the Company, before placement fees and expenses. The proceeds from the Offering will be used for general corporate purposes and will be primarily allocated to support the growth of the Company's drone business, Ondas Autonomous Systems (OAS), which received $14.4 million in orders in Q3 2024.
Monday, 30th December at 8:30 am
Gearing up to meet demand at Ondas Autonomous Systems (OAS) for Optimus and Iron Drone platforms
Ondas Holdings has raised $30 million in net proceeds from this single investor since December 3rd and achieved the funding targets set at the OAS Investor Day in September 2024
BOSTON, MASSACHUSETTS / ACCESSWIRE / December 30, 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 $18.9 million in aggregate principal amount of 3% senior convertible notes due 2026 (the "Offering"). This marks the third investment from the investor in Ondas Holdings convertible notes since December 3rd, resulting in $30 million in net cash proceeds to the Company, before placement fees and expenses. The proceeds from the Offering will be used for general corporate purposes and will be primarily allocated to support the growth of the Company's drone business, Ondas Autonomous Systems (OAS), which received $14.4 million in orders in Q3 2024.
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