Ondas holdings inc. announces closing of $34.5 million convertible note financing

Waltham, ma / accesswire / october 31, 2022 / ondas holdings inc. (nasdaq:onds) ("ondas" or the "company"), a leading provider of private wireless, drone and automated data solutions through its wholly owned subsidiaries, ondas networks inc. ("ondas networks") and american robotics, inc. ("american robotics" or "ar"), today announced the closing of its previously announced $34.5 million convertible note financing ($30.0 million following the deduction of an original issue discount). the company estimates net proceeds from the offering to be approximately $27.8 million, after deducting placement agent fees and offering expenses.
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