Ondas files resale prospectus for 1.67M shares
Ondas Holdings Inc. filed a prospectus supplement covering the potential resale from time to time by certain stockholders of 1,671,899 shares of its common stock.
Rhea-AI Filing Summary
Ondas Holdings Inc. filed a prospectus supplement covering the potential resale from time to time by certain stockholders of 1,671,899 shares of its common stock. These shares were previously issued to those stockholders in connection with Ondas’ acquisition of all of the issued and outstanding share capital of Sentry CS Ltd., an Israel-based company. The shares have been issued in transactions exempt from registration under the Securities Act in accordance with Regulation S and Regulation D. The supplement is filed under Ondas’ effective automatic shelf registration statement on Form S-3ASR, and a legal opinion from Snell & Wilmer L.L.P. on the validity of the shares is included as an exhibit.
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8-K Event Classification
FAQ
What did Ondas Holdings (ONDS) disclose in this 8-K filing?
Ondas Holdings disclosed that it filed a prospectus supplement under its effective Form S-3ASR registration statement to cover the resale from time to time by certain stockholders of 1,671,899 shares of its common stock.
Under which registration statement was the Ondas resale prospectus filed?
The prospectus supplement was filed under Ondas Holdings Inc.’s effective registration statement on Form S-3ASR, File No. 333-290121.
What exemptions from registration applied when Ondas issued the Sentry CS acquisition shares?
The issuance of the shares in connection with the Sentry CS Ltd. acquisition was exempt from registration under the Securities Act pursuant to Regulation S and Regulation D.
What legal opinion is included with this Ondas Holdings 8-K?
The filing includes as an exhibit a legal opinion from Snell & Wilmer L.L.P. addressing the legality of the shares covered by the prospectus supplement, along with their consent.
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