Ondas Holdings Secures Funding for Growth
Ondas Holdings Inc. (ONDS) announced a significant investment that will fuel the company's growth plans. A note holder has agreed to purchase $4.1 million in 3% senior convertible notes due in 2026.
CEO Eric Brock stated that the proceeds will support the company's expansion, particularly in the autonomous drone platforms market. He highlighted the increasing demand for their Optimus and Iron Drone Raider platforms and their plans to increase inventory production to meet this demand in 2025.
This investment is part of a multi-stage capital plan outlined by Ondas earlier this year. The company may pursue additional funding rounds for a total of up to $30.4 million, primarily aimed at driving the growth of Ondas Autonomous Systems and its drone business.
Investing in Ondas Holdings
For those interested in investing in Ondas Holdings, purchasing shares through a brokerage account is the most common method. Many platforms offer fractional shares, allowing investors to own portions of a stock without buying an entire share. With Ondas currently trading at $1.01, $100 would buy you 99.01 shares.
Shorting Ondas Holdings
Shorting a stock, or betting against its price decline, is a more complex process. It requires access to an options trading platform or a broker who allows short selling. Resources are available online to guide you through the process of shorting a stock. Alternatively, options trading platforms allow you to buy put options or sell call options at a strike price above the current share price, enabling you to profit from a price decline.
Ondas Stock Price Performance
At the time of publication, Ondas shares are trading 12.7% higher at 97 cents, according to data from Benzinga Pro. This positive movement reflects investor confidence in the company's growth prospects and the recent funding announcement.