Ondas note holder purchases $4.1 million of convertible notes: funds primarily to support drone business expansion and build inventory to meet growing demand

Investment to support the growth of the ondas autonomous systems (oas) business which has experienced substantial demand including $14.4 million in orders in q3 2024 this represents the third investment in ondas holdings convertible notes,with aggregate principal of $50.1 million, since october of 2022 from this single institutional investor boston, ma / accesswire / november 29, 2024 / ondas holdings inc. (nasdaq:onds) ("ondas holdings" or the "company"), a leading provider of private industrial wireless networks and commercial drone and automated data solutions, announced today that a note holder has elected to purchase $4.1 million in aggregate principal amount of 3% senior convertible notes due 2026 (the "offering"). oppenheimer & co. inc. will act as placement agent in connection with the offering.
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