Ondas Holdings Inc. (NASDAQ:ONDS) shares are trading higher Friday after the company announced a note holder will purchase $4.1 million in 3% senior convertible notes due in 2026.
The Details: CEO Eric Brock said that the proceeds from the senior convertible notes will be used to support the company's growth plan.
"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," said Brock.
Ondas may complete additional closings for a total of up to $30.4 million in funding. The goal of the second investment would be to support general corporate purposes, with a primary focus on driving the growth of Ondas Autonomous Systems and its drone business.
How To Buy Ondas Holdings Stock
By now you're likely curious about how to participate in the market for Ondas Holdings – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy 'fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of Ondas Holdings, which is trading at $1.01 as of publishing time, $100 would buy you 99.01 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to 'go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
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ONDS Price Action: At the time of publication, Ondas shares are trading 12.7 % higher at 97 cents, according to data from Benzinga Pro.
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