secwatch / observer
8-K filed January 23, 2023, 6:59 PM ET ticker ONDS CIK 0001646188
debt confidence high sentiment neutral materiality 0.60

Ondas Inc. (ONDS): debt financing — Ondas extends $34.5M convertible notes maturity to 2024, amends conversion terms

Ondas Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Ondas Inc. amended convertible notes of $34.5 million with Wilmington Savings Fund Society, FSB at 3% maturing October 28, 2024.

Instrument
convertible notes
Principal
$34.5 million
Counterparty
Wilmington Savings Fund Society, FSB
Rate
3%
Maturity
October 28, 2024
Event
amendment
Exact text from the filing
to the SPA. As previously disclosed, on October 28, 2022 the Company entered into certain 3% Senior Convertible Notes Due 2023 in the aggregate original principal amount of $34.5 million (the “Initial Convertible Notes”), by and between the Company and selected institutional investors (the “Investors”), which are convertible into shares of the Company’s common
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Ondas Inc. amended Amendment No. 1 to Securities Purchase Agreement with each investor (effective 2023-01-20).

Action
amendment
Agreement
notes offering
Counterparty
each investor
Effective
2023-01-20
Exact text from the filing
On January 20, 2023, Ondas Holdings Inc. (the “Company”) entered into an Amendment No. 1 to Securities Purchase Agreement (“Amended SPA”) to that Certain Securities Purchase Agreement, dated October 26, 2022 (the “SPA”), by and between the Company and each investor in connection with the previously disclosed offering.
View on SEC.gov

222 debt financings filed in the last 30 days. Browse all debt financings →

Ondas Inc. filing history →

Source: SEC EDGAR
accession 0001213900-23-004226
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