Ondas Note Holder Purchases $4.1 million of Convertible Notes: Funds Primarily to Support Drone Business Expansion and Build Inventory to Meet Growing Demand
Ondas Holdings (NASDAQ:ONDS) has secured a $4.1 million investment through 3% senior convertible notes due 2026, marking the third investment from the same institutional investor, bringing total convertible notes to $50.1 million since October 2022. The funds will primarily support the expansion of Ondas Autonomous Systems (OAS) drone business, which reported $14.4 million in orders in Q3 2024. The note holder has the option to invest an additional $30.4 million. The investment aims to increase inventory production to meet growing demand for Optimus and Iron Drone Raider autonomous platforms in 2025.
Ondas Holdings (NASDAQ:ONDS) ha ottenuto un investimento di 4,1 milioni di dollari attraverso note convertibili senior con un tasso del 3% in scadenza nel 2026, segnando il terzo investimento da parte dello stesso investitore istituzionale, portando il totale delle note convertibili a 50,1 milioni di dollari da ottobre 2022. I fondi supporteranno principalmente l'espansione dell'attività droni di Ondas Autonomous Systems (OAS), che ha registrato ordini per 14,4 milioni di dollari nel Q3 2024. Il detentore della nota ha l'opzione di investire ulteriori 30,4 milioni di dollari. L'investimento mira ad aumentare la produzione di inventario per soddisfare la crescente domanda per le piattaforme autonome Optimus e Iron Drone Raider nel 2025.
Ondas Holdings (NASDAQ:ONDS) ha conseguido una inversión de 4.1 millones de dólares a través de notas convertibles senior al 3% con vencimiento en 2026, marcando la tercera inversión del mismo inversor institucional, elevando el total de notas convertibles a 50.1 millones de dólares desde octubre de 2022. Los fondos apoyarán principalmente la expansión del negocio de drones de Ondas Autonomous Systems (OAS), que reportó pedidos por 14.4 millones de dólares en el tercer trimestre de 2024. El tenedor de la nota tiene la opción de invertir 30.4 millones de dólares adicionales. La inversión tiene como objetivo aumentar la producción de inventario para satisfacer la creciente demanda de las plataformas autónomas Optimus y Iron Drone Raider en 2025.
온다스 홀딩스 (NASDAQ:ONDS)는 2026년 만기 3% 전환사채를 통해 410만 달러의 투자를 확보했으며, 이는 같은 기관 투자자로부터의 세 번째 투자로, 지난 2022년 10월 이후 전환사채 총액이 5010만 달러에 달하게 되었습니다. 이 자금은 주로 온다스 자율 시스템 (OAS) 드론 사업의 확장을 지원할 예정이며, OAS는 2024년 3분기 동안 1,440만 달러의 주문을 보고했습니다. 채권 보유자는 추가로 3040만 달러를 투자할 수 있는 선택권을 가지고 있습니다. 이 투자 목표는 2025년까지 Optimus 및 Iron Drone Raider 자율 플랫폼에 대한 증가하는 수요를 충족하기 위해 재고 생산을 늘리는 것입니다.
Ondas Holdings (NASDAQ:ONDS) a sécurisé un investissement de 4,1 millions de dollars via des obligations convertibles seniors à 3 % arrivant à échéance en 2026, marquant le troisième investissement du même investisseur institutionnel, portant le total des obligations convertibles à 50,1 millions de dollars depuis octobre 2022. Les fonds serviront principalement à soutenir l'expansion de l'activité de drones de Ondas Autonomous Systems (OAS), qui a rapporté des commandes s'élevant à 14,4 millions de dollars au troisième trimestre de 2024. Le détenteur de l'obligation a la possibilité d'investir 30,4 millions de dollars supplémentaires. L'investissement vise à augmenter la production des stocks pour répondre à la demande croissante des plateformes autonomes Optimus et Iron Drone Raider en 2025.
Ondas Holdings (NASDAQ:ONDS) hat eine Investition in Höhe von 4,1 Millionen US-Dollar durch 3 % vorrangige wandelbare Anleihen mit Fälligkeit im Jahr 2026 gesichert, was die dritte Investition desselben institutionellen Investors markiert und den Gesamtbetrag der wandelbaren Anleihen seit Oktober 2022 auf 50,1 Millionen US-Dollar erhöht. Die Mittel werden hauptsächlich die Expansion des Drohnen-Geschäfts von Ondas Autonomous Systems (OAS) unterstützen, das im dritten Quartal 2024 Bestellungen über 14,4 Millionen US-Dollar gemeldet hat. Der Anleiheinhaber hat die Möglichkeit, zusätzlich 30,4 Millionen US-Dollar zu investieren. Ziel der Investition ist es, die Produktion von Beständen zu erhöhen, um der wachsenden Nachfrage nach den autonomen Plattformen Optimus und Iron Drone Raider im Jahr 2025 gerecht zu werden.
- Secured $4.1 million in convertible notes financing
- Strong Q3 2024 performance with $14.4 million in drone orders
- Potential for additional $30.4 million investment from note holder
- Increasing debt through convertible notes
- Potential shareholder dilution from convertible notes
Insights
The
The convertible structure, with a
The strategic focus on inventory buildup for the drone business signals strong market validation. The
The timing aligns well with increasing adoption of commercial drone solutions across industries. The company's multi-stage capital plan and focus on production scaling suggests management's confidence in sustainable demand growth. However, execution risks remain in managing inventory levels and maintaining efficient working capital as the company expands its operational footprint.
Investment to support the growth of the Ondas Autonomous Systems (OAS) business which has experienced substantial demand including
This represents the third investment in Ondas Holdings convertible notes,with aggregate principal of
BOSTON, MA / ACCESSWIRE / November 29, 2024 / Ondas Holdings Inc. (NASDAQ:ONDS) ("Ondas Holdings" or the "Company"), a leading provider of private industrial wireless networks and commercial drone and automated data solutions, announced today that a note holder has elected to purchase
"Ondas is pleased to secure this additional investment to help support our growth plan, which we believe is now generating significant results," said Eric Brock, Chairman and CEO of Ondas Holdings. "This investment is part of the multi-stage capital plan we outlined at our OAS-focused investor day in September. Since the third quarter, we have seen strengthening demand for both our Optimus and Iron Drone Raider autonomous drone platforms. We intend to increase inventory production to meet that demand in 2025. We look forward to updating investors on our 2025 outlook in the first quarter of next year."
For additional information regarding the Offering, please see the Form 8-K to be filed by the Company.
About Ondas Holdings Inc.
Ondas Holdings Inc. ("Ondas") is a leading provider of private wireless data solutions via Ondas Networks Inc. ("Ondas Networks") and commercial drone solutions through Ondas Autonomous Systems Inc. via its wholly owned subsidiaries American Robotics, Inc. ("American Robotics" or "AR") and Airobotics LTD ("Airobotics"), which we operate as a separate business unit called Ondas Autonomous Systems.
Ondas Networks is a developer of proprietary, software-based wireless broadband technology for large established and emerging commercial and government markets. Ondas Networks' standards-based (802.16s), multi-patented, software-defined radio FullMAX platform enables Mission-Critical IoT (MC-IoT) applications by overcoming the bandwidth limitations of today's legacy private licensed wireless networks. Ondas Networks' customer end markets include railroads, utilities, oil and gas, transportation, aviation (including drone operators) and government entities whose demands span a wide range of mission critical applications.
Ondas Autonomous Systems Inc. (OAS) specializes in designing, developing, and marketing autonomous drone solutions via its two advanced drone platforms: the Optimus System, the world's first FAA-certified small UAS (sUAS) for aerial security and data capture, and the Iron Drone Raider, a counter-drone system designed to combat hostile drones. Both platforms are highly automated, AI-powered, and capable of continuous, remote operation for critical defense, infrastructure, industrial, and government applications. American Robotics and Airobotics have achieved industry-leading regulatory milestones, including the first-ever FAA Type Certification for the Optimus System and the first drone system approved by the FAA for automated beyond-visual-line-of-sight (BVLOS) operations without an on-site human operator. Ondas Networks, American Robotics and Airobotics together provide users in defense, homeland security, public safety and other critical industrial and government security and infrastructure markets with improved connectivity, situational awareness and data collection and information processing capabilities.
Ondas Networks, American Robotics and Airobotics together provide users in defense, homeland security, public safety and other critical industrial and government security and infrastructure markets with improved connectivity, situational awareness and data collection and information processing capabilities.
For additional information on Ondas Holdings, visit www.ondas.com or follow Ondas Holdings on X formerly known as Twitter and LinkedIn. For additional information on Ondas Networks, visit www.ondasnetworks.com or follow Ondas Networks on X and LinkedIn. For additional information on American Robotics, visit www.american-robotics.com or follow American Robotics on X and LinkedIn. For additional information on Airobotics, visit www.airoboticsdrones.com or follow Airobotics on X and LinkedIn. For additional information on Ondas Autonomous Systems, follow us on LinkedIn.
Information on our websites and social media platforms is not incorporated by reference in this release or in any of our filings with the U.S. Securities and Exchange Commission.
Forward-Looking Statements
Statements made in this release that are not statements of historical or current facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including the risks discussed under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date, except as required by law.
Contacts
IR Contact for Ondas Holdings Inc.
888.350.9994
ir@ondas.com
Media Contact for Ondas
Preston Grimes
Marketing Manager, Ondas Holdings Inc.
preston.grimes@ondas.com
SOURCE: Ondas Holdings Inc.
View the original press release on accesswire.com
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