Ondas Holdings Inc Stock Price, News & Analysis

Ondas Holdings Inc. (NASDAQ:ONDS) will host a conference call on November 14, 2022, at 8:30 a.m. ET to discuss its third-quarter financial results for the period ending September 30, 2022. A press release detailing the results will be issued before the call. Participants can pre-register for immediate access or call in 10-15 minutes prior to the start time. The call will be available for live broadcast and replay. Ondas specializes in private wireless and drone data solutions, with significant applications across various industrial markets.

Ondas Holdings Inc. (NASDAQ: ONDS) announced the completion of a $34.5 million convertible note financing, resulting in net proceeds of approximately $27.8 million after expenses. The funds will be used for general corporate purposes, capital expenditures, and working capital. Oppenheimer & Co. acted as the sole placement agent for this offering. The securities were offered under an effective shelf registration statement filed with the SEC. Ondas Holdings aims to enhance its capabilities in private wireless data and drone solutions through its subsidiaries.

Ondas Holdings Inc. (Nasdaq:ONDS) announced a $34.5 million securities purchase agreement for senior convertible notes due 2023. The notes offer an original issue discount of approximately 13%, leading to gross proceeds of $30 million. The funds will primarily support general corporate purposes, including capital expenditures and working capital. Oppenheimer & Co. Inc. is the sole placement agent. The offering is conducted under a registered statement with the SEC, and additional closings of up to $34.5 million may follow, depending on the note holder's election.

Ondas Holdings Inc. (NASDAQ: ONDS) announced a significant purchase order for its Scout System drone technology from a leading U.S. oil and gas company. This order enhances monitoring and inspection capabilities in the Permian Basin, a critical area for oil production. The technology will help in detecting fugitive emissions and improving perimeter security. CEO Reese Mozer highlighted opportunities for further growth in the autonomous drone sector, signaling a focus on innovation with advanced features like high-resolution cameras and analytics.

Ondas Holdings Inc. (Nasdaq:ONDS) announced a new order from a major defense contractor for its wireless communications system, intended for a coastal surveillance project in Asia. This follows the successful integration of its technology into a similar system deployed in the Caribbean earlier this year. The system aims to enhance Maritime Situational Awareness for sovereign nations, using FullMAX technology for real-time data transmission. The order is slated for delivery in Q4 2022 and supports a broader rollout in a large Asian country.

Ondas Holdings Inc. (NASDAQ:ONDS) announced that its subsidiary, Ondas Networks, received authorization from the Canadian government to sell its 900 MHz Advanced Train Control System platform in Canada. This platform, previously introduced to the U.S. market, will be marketed by Siemens Mobility under the Airlink brand to Canadian freight and transit rail customers. This marks a significant step in the adoption of advanced communication solutions for North American rail operations.

Ondas Holdings Inc (Nasdaq: ONDS) will present at H.C. Wainwright's 24th Annual Global Investment Conference from September 12-14, 2022, in New York. Ondas is scheduled to present on September 13 at 9:00 a.m. ET and will hold one-on-one meetings throughout the day. The company specializes in private wireless data, drone, and automated data solutions through its subsidiaries. Its FullMAX platform supports Mission-Critical IoT applications in various industries, while American Robotics offers a pioneering drone system for automated operations.

Ondas Holdings (NASDAQ: ONDS) has received a significant regulatory boost through a new FAA exemption for its subsidiary, American Robotics, allowing it to conduct unlimited commercial operations with its autonomous Scout System drone. This follows previous approvals and marks a critical step in the adoption of autonomous drone technology across various industries. The exemption, granted on August 19, 2022, positions American Robotics to lead in scalable operations in sectors like oil and gas, rail, and mining, enhancing efficiency and safety while reducing environmental impact.