Ondas Holdings announces new shareholder nomination deadline

Published 28/03/2025, 21:54
Ondas Holdings announces new shareholder nomination deadline

In a recent filing with the Securities and Exchange Commission, Ondas Holdings Inc. (NASDAQ:ONDS), a company specializing in radio and TV broadcasting and communications equipment with a market capitalization of $117.36 million, has announced changes to the deadlines for shareholder proposals and director nominations for its upcoming annual meeting. The 2025 annual meeting of stockholders, which is scheduled for May 12, 2025, has been set with a record date of April 10, 2025. According to InvestingPro data, the company has shown remarkable momentum with a 42.81% return over the past week, though its overall financial health score remains weak.

Due to the 2025 annual meeting date deviating by more than thirty days from the previous year’s meeting, the original deadlines outlined in the 2024 annual meeting proxy statement are no longer applicable. As a result, shareholders looking to submit director nominations or proposals for inclusion in the company’s proxy materials now have until the close of business on April 4, 2025, to ensure their submissions are received.

Submissions must be in writing and addressed to the Ondas Holdings Inc. Board of Directors, specifically to the Secretary at the company’s Boston office. They also need to adhere to the requirements set forth in the Securities Exchange Act of 1934, as amended, and the company’s Amended and Restated Bylaws.

This announcement is a significant update for shareholders who intend to influence the composition of the board or propose actions for the company to consider. It is based on the latest 8-K filing by Ondas Holdings Inc. and provides shareholders with the updated timeline they must follow to participate in the governance of the company.

In other recent news, Andas Holdings reported its financial results for the fourth quarter of 2024, revealing a revenue miss against its forecast. The company posted revenues of $4.1 million for the quarter, which was below the expected $5.75 million. The full-year revenue was $7.2 million, marking a 54% decline year-over-year. Despite these challenges, Andas Holdings has projected a total revenue of $25 million for 2025, with significant contributions anticipated from its OAS segment. The company plans to continue investing in AI and autonomous technologies while expanding its footprint in military and homeland security markets.

Additionally, Andas Holdings announced a strategic partnership with Palantir Technologies (NASDAQ:PLTR) to leverage their Foundry AI platform, aiming to enhance operational efficiencies. The company also highlighted its ongoing efforts to expand product offerings and secure international contracts. Furthermore, Andas Holdings has fortified its capital position by raising $35 million in the fourth quarter alone. Analyst upgrades or downgrades were not mentioned in the recent developments, but the company’s strategic initiatives indicate a focus on long-term growth.

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