Ondas Holdings Inc. - ONDS STOCK NEWS

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.

Ondas Holdings Inc. (NASDAQ: ONDS) has priced its public offering of 6,400,000 shares at $7.00 each, anticipating gross proceeds of $44.8 million, before expenses. The funds will support working capital and general corporate purposes. Additionally, Ondas has granted underwriters a 30-day option to purchase up to 960,000 more shares. The offering is scheduled to close around June 11, 2021, subject to customary conditions. Oppenheimer & Co. Inc. is the sole book-running manager for this offering.

Ondas Holdings Inc. (NASDAQ: ONDS) announced plans for an underwritten public offering of its common stock, which may include an option for underwriters to purchase additional shares. The offering is subject to market conditions, and Ondas intends to use the net proceeds for working capital and general corporate purposes. Oppenheimer & Co. Inc. is the sole book-running manager, with B. Riley Securities, Inc. as the lead manager. A shelf registration statement is effective, and the final offering terms will be disclosed in a prospectus supplement filed with the SEC.

Ondas Holdings Inc. (NASDAQ: ONDS) has been selected for inclusion in the Russell Microcap® Index, effective June 28, 2021. This membership is significant, as it automatically includes the company in various growth and value style indexes utilized by investment managers. FTSE Russell’s indexes benchmark approximately $10.6 trillion in assets.

CEO Eric Brock stated that this selection is a crucial milestone for Ondas as it positions the company as a leader in industrial automation, particularly with its FullMAX wireless platform.