secwatch / observer
8-K filed July 24, 2023, 7:59 PM ET ticker ONDS CIK 0001646188
other material confidence high sentiment positive materiality 0.75

Ondas Inc. (ONDS): debt financing — Ondas raises $25M via $11.5M convertible note, $11.5M subsidiary investment

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 with an institutional investor at 3% maturing April 28, 2025.

Instrument
convertible notes
Counterparty
an institutional investor
Rate
3%
Maturity
April 28, 2025
Event
amendment
Exact text from the filing
the Investor shall waive, in part, the Maturity Date (as defined in the Exchange Notes) of the Exchange Notes, such that the Maturity Date shall be extended to April 28, 2025
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Ondas Inc. amended Agreement and Waiver with the Investor (effective 2023-07-21).

Action
amendment
Agreement
notes offering
Counterparty
the Investor
Effective
2023-07-21
Exact text from the filing
On July 21, 2023, the Company and the Investor entered into an Agreement and Waiver (the “Waiver”) with respect to certain terms of the Exchange Notes.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Ondas Inc. amended Amendment to Preferred Stock Purchase Agreement with Initial Purchaser valued at gross proceeds to Networks of $11,508,517 (effective 2023-07-21).

Action
amendment
Agreement
equity purchase
Counterparty
Initial Purchaser
Value
gross proceeds to Networks of $11,508,517
Effective
2023-07-21
Exact text from the filing
On July 21, 2023, Ondas Networks Inc., a Delaware corporation (“Networks”) and subsidiary of Ondas Holdings Inc., a Nevada corporation (the “Company”), entered into a certain Amendment to Preferred Stock Purchase Agreement (the "Amendment") to that certain Preferred Stock Purchase Agreement, dated July 9, 2023 (the "SPA"), by and between Networks and the initial purchaser named therein
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 0001213900-23-059037
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