Ondas resale prospectus for 1,622,607 shares
Ondas Inc. filed a prospectus supplement to an effective shelf registration statement on Form S-3ASR covering the potential resale, from time to time, by certain stockholders of 1,622,607 shares of its common stock.
Rhea-AI Filing Summary
Ondas Inc. filed a prospectus supplement to an effective shelf registration statement on Form S-3ASR covering the potential resale, from time to time, by certain stockholders of 1,622,607 shares of its common stock. These shares were previously issued to those stockholders in connection with Ondas’ acquisition of 100% of the issued and outstanding share capital of Sentry CS Ltd., an Israeli company. The company notes that the original issuance of these shares was exempt from Securities Act registration under Regulation S and Regulation D. A legal opinion from Snell & Wilmer L.L.P. regarding the validity of the shares is filed as an exhibit.
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8-K Event Classification
FAQ
What did Ondas Inc. (ONDS) disclose in this 8-K filing?
Ondas Inc. disclosed that it filed a prospectus supplement to an effective Form S-3ASR registration statement to cover the potential resale of 1,622,607 shares of its common stock by certain stockholders.
What legal opinions were filed with this Ondas Inc. 8-K?
Ondas Inc. filed an opinion of Snell & Wilmer L.L.P. regarding the legality of the shares as Exhibit 5.1, along with a related consent included in that exhibit.
Does this Ondas Inc. filing relate to a prior acquisition?
Yes. The shares covered by the resale prospectus were issued to stockholders in connection with Ondas Inc.’s previously disclosed acquisition of Sentry CS Ltd.
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