Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 11, 2023
Ondas Holdings Inc.
(Exact name of registrant as specified in its charter)
Nevada
001-39761
47-2615102
(State or other jurisdiction
(Commission File Number
(IRS Employer
of incorporation
Identification No.)
411 Waverly Oaks Road, Suite 115, Waltham, MA 02452
(Address of principal executive offices) (Zip Code)
(888) 350-9994
Registrant's telephone number, including area code:
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
Pre-commencementcommunications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencementcommunications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c)) Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Common Stock, $0.0001 par value per share
ONDS
The Nasdaq Stock Market LLC,
Tel Aviv Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b -2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.02. Termination of a Material Definitive Agreement.
On July 11, 2023, Ondas Holdings Inc. (the "Company") and Oppenheimer & Co. Inc., as sales agent (the "Agent"), mutually agreed to terminate the Equity Distribution Agreement, dated March 22, 2022, as amended on October 26, 2022, by and between the Company and the Agent (the "Equity Distribution Agreement"). As a result, the Company suspended and terminated the prospectus related to the Company's common stock issuable pursuant to the terms of the Equity Distribution Agreement (the "ATM Prospectus"). The termination of the Equity Distribution Agreement and ATM Prospectus is effective as of July 11, 2023.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: July 11, 2023
ONDAS HOLDINGS INC.
By: /s/ Eric A. Brock
Eric A. Brock
Chief Executive Officer
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Ondas Holdings Inc. published this content on 12 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 July 2023 13:51:04 UTC.
Ondas Holdings Inc. is a provider of private wireless data and drone solutions through its wholly owned subsidiaries Ondas Networks Inc. (Ondas Networks) and American Robotics, Inc. (American Robotics). Ondas Networks provides wireless connectivity solutions enabling mission-critical Industrial Internet applications and services. The Company designs, develops, manufactures, sells, and supports FullMAX, a software defined radio (SDR) platform for secure, licensed, private, wide-area broadband networks. FullMAX SDR platform is designed to enable secure and reliable industrial-grade connectivity for mission-critical applications. It offers end-to-end FullMAX network consists of connected wireless base stations, fixed and mobile edge radios. The Company offers a range of products with different options for narrowband and broadband applications. The Company also offers image processing and machine learning software solutions for rail infrastructure monitoring and inspections.