Ondas Holdings Inc. - ONDS STOCK NEWS

Ondas Holdings Inc. (NASDAQ:ONDS) has announced upcoming investor events, including a tour of American Robotics facilities in Marlborough, Massachusetts, on September 27th from 2:00 - 4:00 pm ET. The tour will feature a demonstration of the Scout System™, the first FAA-approved drone for automated BVLOS operations. Additionally, a virtual presentation focused on AR's growth strategy will take place on September 28th from 10:00 am to Noon ET. Interested parties can register for both events via Ondas Investor Relations.

Ondas Holdings Inc. (NASDAQ: ONDS) announced its Q2 2021 financial results, reporting a 25% decrease in revenue to approximately $0.9 million compared to Q2 2020. Despite this, revenues grew by 51% year-to-date. The company's acquisition of American Robotics closed on August 5, 2021, enhancing its position in the drone solutions market. Ondas raised $51.5 million in an equity offering, strengthening its balance sheet. The net loss narrowed to approximately $2.8 million. Future growth is anticipated through partnerships with Siemens and AURA and ongoing drone deployments.

American Robotics, a subsidiary of Ondas Holdings (NASDAQ: ONDS), has appointed Michael Clatworthy as Vice President of Operations. Previously Head of Operations at Avitas, Clatworthy will oversee corporate and flight operations at American Robotics. His extensive experience in the drone industry includes enhancing UAS inspection operations significantly. Clatworthy expressed excitement about joining at a pivotal growth stage, especially following Ondas' recent acquisition, which will support development and deployment of the Scout System, an advanced automated drone solution.

Ondas Holdings Inc. (NASDAQ: ONDS) is set to release its first quarter financial results on August 16, 2021, prior to market opening. The company will conduct a conference call and webcast to discuss these results and its business outlook at 8:30 AM ET. Ondas focuses on proprietary wireless broadband technology and industrial drone solutions, enabling mission-critical IoT applications across various sectors, including utilities and transportation.

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.