---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-004226"
form_type: "8-K"
ticker: "ONDS"
cik: "0001646188"
company_name: "Ondas Inc."
filed_at: "2023-01-23T23:59:59+00:00"
generated_at: "2026-06-20T11:49:01.318255+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Ondas extends $34.5M convertible notes maturity to 2024, amends conversion terms

## Summary
- Exchanged $34.5M aggregate principal of 3% Senior Convertible Notes due 2023 for new 3% notes due Oct 28, 2024.
- Amendment allows acceleration of Installment Amounts up to 8 times the installment amount on related Installment Date.
- Conversion price set at $4.25/share, subject to standard anti-dilution adjustments.
- Exchange was with existing investors under Section 3(a)(9) of Securities Act; no underwriting commissions paid.

## SEC filing metadata
- accession: 0001213900-23-004226
- form_type: 8-K
- ticker: ONDS
- cik: 0001646188
- company_name: Ondas Inc.
- filed_at: 2023-01-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1646188/000121390023004226/0001213900-23-004226-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1646188/000121390023004226/ea171987-8k_ondas.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-004226
- JSON: https://secwatch.observer/filing/0001213900-23-004226.json
- Plain text: https://secwatch.observer/filing/0001213900-23-004226.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1646188/000121390023004226/0001213900-23-004226-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1646188/000121390023004226/0001213900-23-004226-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.