---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-059037"
form_type: "8-K"
ticker: "ONDS"
cik: "0001646188"
company_name: "Ondas Inc."
filed_at: "2023-07-24T23:59:59+00:00"
generated_at: "2026-06-13T04:15:01.500190+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ondas raises $25M via $11.5M convertible note, $11.5M subsidiary investment

## Summary
- Note holder buys $11.5M of 3% senior convertible notes due 2025; Ondas receives $10M gross proceeds.
- Ondas Networks subsidiary gets $11.5M initial close from C&P Group; additional $3.5M expected within 30 days.
- Existing convertible notes maturity extended to April 2025; up to $34.5M additional closings possible.
- Warrants issued to purchase 7.8M shares of Ondas Holdings common at $0.89/share, exercisable after 90 days.

## SEC filing metadata
- accession: 0001213900-23-059037
- form_type: 8-K
- ticker: ONDS
- cik: 0001646188
- company_name: Ondas Inc.
- filed_at: 2023-07-24T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1646188/000121390023059037/0001213900-23-059037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1646188/000121390023059037/ea182222-8k_ondas.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-059037
- JSON: https://secwatch.observer/filing/0001213900-23-059037.json
- Plain text: https://secwatch.observer/filing/0001213900-23-059037.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1646188/000121390023059037/0001213900-23-059037-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1646188/000121390023059037/0001213900-23-059037-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1646188/000121390023059037/0001213900-23-059037-index.htm

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