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Director Jaspreet K Sood of Ondas Holdings Inc (NASDAQ:ONDS), a company with a market capitalization of $268 million and currently trading near InvestingPro’s Fair Value estimate, sold 8,673 shares of common stock on June 17, 2025, at a price of $1.69, totaling $14,657.
On the same day, Sood also acquired 21,035 shares of Ondas Holdings Inc. common stock, valued at $0, upon the vesting of Restricted Stock Units.
Following these transactions, Sood directly owns 161,657 shares of Ondas Holdings Inc.
In other recent news, Ondas Holdings Inc. has made significant strides with a major $14.3 million purchase order from a defense customer for its Optimus System, a fully autonomous drone platform. This order is the largest to date for the system, highlighting its growing demand in military applications. As a result, Ondas’ revenue backlog has increased to $28.7 million, up from $10 million earlier this year. Additionally, the company has regained compliance with Nasdaq’s minimum bid price requirement, maintaining a closing bid price of at least $1.00 for 10 consecutive business days. This compliance ensures Ondas continues to meet Nasdaq’s listing requirements, which is crucial for its market presence.
In another development, Ondas announced a public offering of its common stock and pre-funded warrants, with proceeds intended for general corporate purposes. The offering will be managed by Oppenheimer & Co. Inc., and its completion is subject to market conditions. The company’s recent moves, including the defense order and public offering, are closely watched by investors as indicators of its financial strategy and market positioning. These developments underscore Ondas’ commitment to expanding its footprint in defense and public safety sectors while ensuring compliance with regulatory standards.
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