Ondas Inc. develops autonomous systems, robotics and mission-critical connectivity solutions for defense, security and industrial markets. Its operating focus spans Ondas Autonomous Systems, Ondas Networks and Ondas Capital, with products and services tied to aerial and ground-based intelligence, sensing, mobility and communications in complex operating environments.
Recurring Ondas news covers defense and public-safety orders, counter-drone deployments, robotic demining programs, heavy engineering equipment, European joint-venture activity, acquisition integration and quarterly financial reporting. Company updates also reference the FullMAX software-defined broadband platform for industrial IoT networks, Sentrycs cyber-over-RF counter-drone technology, 4M Defense demining systems, INDO Earth Moving equipment programs and the completed Mistral merger, which added U.S.-based manufacturing, integration and federal contracting infrastructure.
Ondas Holdings (NASDAQ:ONDS) has successfully acquired American Robotics, a pioneer in automated commercial drone systems. This acquisition, supported by 99.7% of Ondas shareholders, aims to enhance connectivity and data collection in critical sectors such as rail and agriculture. American Robotics’ Scout System™ boasts unparalleled autonomy and FAA approvals for beyond-visual-line-of-sight operations. With a $2 million loan from Ondas to scale its operations, American Robotics is positioned to tap into a $100 billion commercial drone market, leveraging its recent contracts with major industries.
Ondas Holdings Inc. (NASDAQ: ONDS) will present at Oppenheimer’s 24th Annual Technology, Internet & Communications Conference on August 9th, hosting one-on-one meetings and a general presentation at 3:45 PM ET. The event will be available via webcast at this link. The company specializes in proprietary wireless broadband technology through its subsidiary, Ondas Networks, catering to industries like railroads, utilities, and aviation. Their FullMAX platform supports mission-critical IoT applications, ensuring reliable communications over extensive areas.
Ondas Holdings Inc. (NASDAQ: ONDS) has announced a special meeting for shareholders on August 5, 2021, to vote on the proposed acquisition of American Robotics, Inc. The definitive proxy statement regarding this transaction was filed on July 6, 2021, and sent to shareholders as of June 28, 2021. The meeting will be held at The Nantucket Hotel in Massachusetts. Investors are encouraged to read the proxy statement, particularly the risk factors included within, as they contain crucial information about Ondas and American Robotics.
Ondas Holdings Inc. (NASDAQ: ONDS) announced its first purchase order from a major European rail customer for its FullMAX MC-IoT private wireless network technology. CEO Eric Brock highlighted the company's focus on expanding into industrial and government markets, leveraging success in North America to enter Europe. The FullMAX technology aims to address the need for reliable data links in European rail systems, which current legacy networks cannot meet. The market is shifting towards more reliable wireless networks as data-intensive applications grow.
Ondas Holdings Inc. (NASDAQ: ONDS) has successfully closed a public offering of 7,360,000 shares of common stock at $7.00 per share, netting approximately $47.4 million after expenses. The offering included 960,000 shares from an over-allotment option exercised by underwriters. The company plans to utilize the funds for working capital and general corporate purposes. Oppenheimer & Co. acted as the sole book-running manager, with B. Riley Securities leading the offering. A shelf registration statement related to the shares was filed with the SEC.
Ondas Holdings Inc. (NASDAQ: ONDS) has priced its public offering of 6,400,000 shares at $7.00 each, anticipating gross proceeds of $44.8 million, before expenses. The funds will support working capital and general corporate purposes. Additionally, Ondas has granted underwriters a 30-day option to purchase up to 960,000 more shares. The offering is scheduled to close around June 11, 2021, subject to customary conditions. Oppenheimer & Co. Inc. is the sole book-running manager for this offering.
Ondas Holdings Inc. (NASDAQ: ONDS) announced plans for an underwritten public offering of its common stock, which may include an option for underwriters to purchase additional shares. The offering is subject to market conditions, and Ondas intends to use the net proceeds for working capital and general corporate purposes. Oppenheimer & Co. Inc. is the sole book-running manager, with B. Riley Securities, Inc. as the lead manager. A shelf registration statement is effective, and the final offering terms will be disclosed in a prospectus supplement filed with the SEC.
Ondas Holdings Inc. (NASDAQ: ONDS) has been selected for inclusion in the Russell Microcap® Index, effective June 28, 2021. This membership is significant, as it automatically includes the company in various growth and value style indexes utilized by investment managers. FTSE Russell’s indexes benchmark approximately $10.6 trillion in assets.
CEO Eric Brock stated that this selection is a crucial milestone for Ondas as it positions the company as a leader in industrial automation, particularly with its FullMAX wireless platform.
Ondas Holdings Inc. (NASDAQ: ONDS) is set to hold a business update call on May 27, 2021, at 8:30 AM ET, focusing on the ongoing acquisition of American Robotics, Inc.. This event will provide investors with essential updates regarding the merger and future business strategies. The live webcast can be accessed on the company's Investor Relations website. Ondas is a developer of wireless broadband technology aimed at industrial markets, offering solutions that meet the increasing demand for reliable communication in challenging environments.
Ondas Holdings Inc. (NASDAQ: ONDS) has entered into a definitive agreement to acquire American Robotics for $70.6 million. American Robotics is known for its fully-automated commercial drone systems and is the first FAA-approved company to operate its drones beyond-visual-line-of-sight (BVLOS). This acquisition aims to integrate both companies’ technologies, enhancing automation and AI analytics in industrial markets, thus potentially tapping into the $100 billion commercial drone market. The transaction is expected to close in Q3 2021, pending stockholder approval.