Ondas registers resale of 2.7M common shares
Ondas Inc. filed a prospectus supplement covering the resale from time to time by certain stockholders of 2,714,285 shares of its common stock.
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Rhea-AI Filing Summary
Ondas Inc. filed a prospectus supplement covering the resale from time to time by certain stockholders of 2,714,285 shares of its common stock. These shares were originally issued to those stockholders in connection with Ondas’ acquisition of Omnisys Ltd., an Israeli company.
The filing clarifies that the prior issuance of the shares to non-U.S. investors was made under Regulation S, which exempts the transaction from Securities Act registration because it occurred outside the United States. The supplement uses an existing automatic shelf registration to permit the selling stockholders, not the company, to resell their shares on the market over time.
Ondas also filed a legal opinion from its Nevada counsel, Snell & Wilmer L.L.P., confirming the legality of the shares covered by the resale registration.
8-K Event Classification
Key Figures
Key Terms
prospectus supplement regulatory
Form S-3ASR regulatory
Regulation S regulatory
resale financial
FAQ
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