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Ondas Holdings Inc. (NASDAQ:ONDS), a company currently valued at $276 million and operating with moderate debt levels according to InvestingPro, reported Wednesday that as of June 25, 2025, its 2023 Additional Notes have been settled and are no longer outstanding. According to a company statement based on a filing with the Securities and Exchange Commission, the only remaining notes outstanding are the 3% Series B-2 Senior Convertible Notes issued on December 17, 2024. With total debt of $42.59 million and a current ratio of 0.86, the company’s debt management remains a key focus area.
The company disclosed that the December 17, 2024 Additional Notes currently have a total outstanding principal and accrued interest, net of unamortized debt discount and issuance costs, of approximately $5.4 million. These notes carry a fixed conversion price of $0.88 per share, unless amortized using a discounted volume-weighted average price measure, and have a maturity date of December 17, 2026.
Ondas Holdings previously issued several convertible notes, including 3% Senior Convertible Notes with an original principal amount of $34.5 million that matured on April 28, 2025, and various Series B-2 Senior Convertible Notes totaling $45.9 million. The filing indicates that, as of June 25, 2025, all notes except the December 17, 2024 Additional Notes have been settled.
The information in this article is based on a press release statement from Ondas Holdings’ recent SEC filing.
In other recent news, Ondas Holdings Inc. announced its plans to conduct a public offering of common stock and pre-funded warrants, with Oppenheimer & Co. Inc. as the underwriter. The offering’s proceeds are intended for general corporate purposes, including capital expenditures and working capital. Additionally, Ondas Holdings has regained compliance with Nasdaq’s minimum bid price requirement, having maintained a closing bid price of at least $1.00 for 10 consecutive business days. This compliance removes a significant regulatory hurdle for the company, allowing it to continue trading on The Nasdaq Capital Market.
Furthermore, Ondas Holdings has partnered with Mistral Inc. to market and sell its autonomous drone systems to U.S. defense and homeland security agencies. This strategic partnership focuses on integrating American Robotics’ Optimus and Iron Drone Raider systems into government markets. In leadership news, Neil Laird has been appointed as the chief financial officer, treasurer, and secretary of Ondas Holdings, following his interim service since June 2024. The new employment agreement includes an annual base salary and equity awards. These developments reflect Ondas Holdings’ ongoing efforts to expand its market presence and strengthen its financial standing.
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