Ondas Holdings expands stock incentive plan

Ondas Holdings Inc. (NASDAQ:ONDS), a manufacturer of radio and TV broadcasting and communications equipment with a market capitalization of $87.33 million, announced significant shareholder decisions from its Annual Meeting held on May 12, 2025. The company’s stock, currently trading at $0.83, has experienced a challenging year with a -67.59% year-to-date return. According to InvestingPro analysis, the company faces significant headwinds with rapid cash burn and weak gross profit margins of 4.8%. The company’s stockholders approved a substantial amendment to the Ondas Holdings Inc. 2021 Stock Incentive Plan, which resulted in an increase of the authorized shares for issuance from 11,000,000 to 26,000,000. This decision comes as InvestingPro data reveals the company’s tight liquidity position, with a current ratio of 0.94, suggesting potential challenges in meeting short-term obligations. For deeper insights into Ondas Holdings’ financial health and future prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.

In addition to the amendment of the stock plan, the stockholders elected six directors to serve until the next annual meeting, ratified the appointment of Rosenberg Rich Baker Berman, P.A. as the company’s independent auditors for the fiscal year ending December 31, 2025, and provided advisory approval of the company’s executive compensation.

Another key proposal approved was the amendment to the company’s Amended and Restated Articles of Incorporation, which increased the number of authorized shares of common stock from 300,000,000 to 400,000,000.

The voting at the Annual Meeting demonstrated significant support for the company’s proposals, with the majority of votes cast in favor of the amendments and appointments. The detailed results of the voting will be available in the company’s SEC filings.

These corporate actions come as Ondas Holdings continues to position itself for future growth and expansion. The increase in authorized shares for both the stock incentive plan and the overall share structure allows the company more flexibility in its operational and financial strategies. While analysts anticipate sales growth in the current year, InvestingPro analysis indicates the company may face continued profitability challenges, with additional key metrics and insights available through the platform’s extensive financial analysis tools.

The information provided is based on the company’s recent SEC filing and reflects the decisions made by the stockholders at the Annual Meeting on May 12, 2025.

In other recent news, Ondas Holdings Inc. has reported several significant developments. The company disclosed its financial results for Q4 2024, showing revenues of $4.1 million, which fell short of the forecasted $5.75 million. This underperformance also led to a 54% year-over-year decline in full-year revenue, totaling $7.2 million. Ondas Holdings has also made strides in debt reduction, cutting its total outstanding principal and accrued interest by over 50%, from $46.2 million at the end of 2024 to approximately $21.1 million as of April 2025. Additionally, the company secured a $3.4 million contract for its Iron Drone Raider system from a European defense contractor and a $3.2 million order from the UAE to bolster its urban drone infrastructure. Ondas also announced changes to shareholder proposal deadlines for its upcoming annual meeting. These recent developments indicate Ondas Holdings’ efforts to expand its market presence and improve financial health, despite challenges in meeting revenue expectations.

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