Ondas holdings announces investment of at least $15 million in ondas networks by investment group led by charles & potomac capital

Investment provides working capital to accelerate production, fulfill backlog and support ondas networks' growth plan waltham, ma / accesswire / july 10, 2023 / 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 its wholly-owned subsidiary ondas networks inc. ("ondas networks") has entered into an investment agreement with a private investor group led by charles & potomac capital, llc (the "c&p group") for an investment of at least $15 million in convertible preferred securities of ondas networks. the planned investment provides ondas networks with additional working capital to accelerate production, fulfill backlog and support its growth plan.
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