secwatch.observer — SEC 8-K summary
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Issuer:     Ondas Inc. (ONDS)
CIK:        0001646188
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0001213900-23-059037
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1646188/000121390023059037/0001213900-23-059037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1646188/000121390023059037/ea182222-8k_ondas.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-059037

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer