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Ondas Holdings Inc. (NASDAQ:ONDS), a manufacturer of communication equipment with a market capitalization of $98 million, has received a notification from The Nasdaq Stock Market LLC regarding non-compliance with the minimum bid price requirement. Currently trading at $0.93 and down 66% year-to-date, the company disclosed that its common stock had been trading below the $1.00 minimum bid price for the last 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). According to InvestingPro, the stock has shown significant volatility and recently gained 12% over the past week.
The company, headquartered in Boston, Massachusetts, has been given an initial period of 180 days, until November 12, 2025, to regain compliance. To meet the requirement, the stock must maintain a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days within this period. The notice does not immediately affect the listing or trading of Ondas Holdings’ common stock on the Nasdaq Capital Market. InvestingPro analysis reveals concerning fundamentals, with the company’s Financial Health score rated as WEAK, particularly due to rapid cash burn and short-term obligations exceeding liquid assets.
Ondas Holdings has stated its intention to actively monitor its share bid price and explore all available options to address the deficiency and regain compliance. If compliance is not achieved within the initial 180-day period, the company may be granted an additional 180 days if it meets certain conditions, including the continued listing requirement for market value of publicly held shares and all other initial listing standards, except for the bid price requirement.
However, if the company fails to regain compliance or is deemed ineligible for an additional compliance period, Nasdaq may delist its securities. Ondas Holdings could then appeal the decision. There is no assurance that the company will qualify for the additional compliance period or that its common stock will continue to be listed after any delisting notification.
This news is based on a press release statement and reflects the current situation of Ondas Holdings as it navigates the Nasdaq’s regulatory landscape. The company’s future actions and their effectiveness in addressing the Nasdaq’s concerns will be closely watched by investors and market participants. For deeper insights into Ondas Holdings’ financial health and growth prospects, investors can access comprehensive analysis and 12 additional ProTips through InvestingPro’s detailed research report, part of its coverage of over 1,400 US stocks.
In other recent news, Ondas Holdings Inc. reported a significant 500% increase in revenue for the first quarter of 2025, reaching $4.2 million. However, this figure fell short of the company’s revenue forecast of $5.06 million. The earnings per share forecast was set at -$0.0833, though the actual EPS was not disclosed. Ondas has also managed to reduce its convertible debt significantly, which could improve its financial position. The company announced new strategic partnerships and operational advancements, indicating ongoing efforts to expand its market reach. Additionally, Ondas reaffirmed its 2025 revenue target of $25 million, with expectations for its OAS business unit to contribute at least $20 million in sales. The company is targeting four new military and homeland security customers in 2025, reflecting its focus on the defense and security markets. Furthermore, Ondas has been actively engaging in expanding opportunities in Europe and the Middle East.
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