---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-060782"
form_type: "8-K"
ticker: "ONDS"
cik: "0001646188"
company_name: "Ondas Inc."
filed_at: "2023-07-28T23:59:59+00:00"
generated_at: "2026-06-12T23:05:29.803040+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Ondas Holdings raises $10M via $11.5M convertible note issuance

## Summary
- Investor purchased $11.5M aggregate principal of 3% Series B-2 Senior Convertible Notes on July 24.
- Original issue discount of ~13% results in gross proceeds of $10.0M to the company.
- Notes mature July 25, 2025; convertible into common stock under certain conditions.
- Proceeds to fund general corporate purposes including capex and working capital.

## SEC filing metadata
- accession: 0001213900-23-060782
- form_type: 8-K
- ticker: ONDS
- cik: 0001646188
- company_name: Ondas Inc.
- filed_at: 2023-07-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1646188/000121390023060782/0001213900-23-060782-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1646188/000121390023060782/ea182465-8k_ondashold.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-060782
- JSON: https://secwatch.observer/filing/0001213900-23-060782.json
- Plain text: https://secwatch.observer/filing/0001213900-23-060782.txt

## Key facts
- Debt Financings
  Ondas Inc. incurred convertible notes of $11.5 million with selected institutional investors at 3% maturing July 25, 2025.
  - Instrument: convertible notes
  - Principal: $11.5 million
  - Counterparty: selected institutional investors
  - Rate: 3%
  - Maturity: July 25, 2025
  - Event: incurrence
  source text: On July 24, 2023, pursuant to the terms of the SPA, an Investor elected to purchase 3% Series B-2 Senior Convertible Notes in the aggregate original principal amount of $11.5 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1646188/000121390023060782/0001213900-23-060782-index.htm
- Material Agreements
  Ondas Inc. entered into Second Supplemental Indenture with Wilmington Savings Fund Society, FSB, as trustee valued at $11.5 million (effective 2023-07-25).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Wilmington Savings Fund Society, FSB, as trustee
  - Value: $11.5 million
  - Effective: 2023-07-25
  source text: On July 24, 2023, pursuant to the terms of the SPA, an Investor elected to purchase 3% Series B-2 Senior Convertible Notes in the aggregate original principal amount of $11.5 million (the “Additional Notes”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1646188/000121390023060782/0001213900-23-060782-index.htm

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