Ondas holdings director Randy Seidl sells $27,553 in inventory

SUNNYVALE, Calif.—Randy Seidl, a director at Ondas Holdings Inc. (NASDAQ:ONDS), a $113 million market cap firm, has not too long ago executed a collection of inventory transactions, in keeping with a latest SEC submitting. On December 19, 2024, Seidl offered a complete of 21,359 shares of frequent inventory, producing proceeds of roughly $27,553. The shares had been offered at a mean value of $1.29 every, beneath the present buying and selling value of $1.47.

These gross sales had been a part of a transaction to cowl tax liabilities related to the vesting of Restricted Inventory Items (RSUs). On the identical day, Seidl acquired 39,473 shares of frequent inventory by means of the vesting of RSUs, which had been granted as a part of his compensation bundle. Following these transactions, Seidl instantly owns 154,443 shares of Ondas Holdings. In keeping with InvestingPro, the corporate has proven robust momentum with a 113% value return over the previous six months, regardless of going through challenges with money burn and weak monetary well being.

The transactions spotlight the continuing exercise throughout the govt ranks of Ondas Holdings, an organization concerned within the radio and TV broadcasting and communications gear sector. InvestingPro evaluation reveals 15+ further insights about ONDS, together with detailed monetary well being metrics and progress prospects. Get entry to the excellent Professional Analysis Report protecting what actually issues about this risky inventory (Beta: 2.14).

In different latest information, Ondas Holdings has been making vital monetary maneuvers. The corporate issued new convertible notes, elevating $10 million as a part of its broader technique to finance progress initiatives and improve product choices. The corporate moreover secured an $11.5 million funding primarily to assist the expansion of its drone enterprise, Ondas Autonomous Techniques. Ondas additionally issued $4.1 million in 3% Collection B-2 Senior Convertible Notes, with internet proceeds of roughly $3.6 million supposed for common company functions.

Regardless of experiencing a difficult Q3 2024 with revenues falling to roughly $1.5 million from $2.7 million in Q3 2023, and an working lack of $8.7 million, Ondas secured $14.4 million in orders for its navy expertise platforms and acquired a strategic order from Siemens (ETR:SIEGn) for Chicago’s Metra rail system. The corporate additionally expanded its 2021 Inventory Incentive Plan, rising the variety of shares out there for issuance from 8 million to 11 million.

Moreover, Ondas has been granted a 180-day extension from Nasdaq to satisfy the minimal bid value requirement. These latest developments point out Ondas’ ongoing efforts to satisfy monetary and operational aims. The transaction was facilitated by Oppenheimer & Co. Inc., appearing as the only placement agent.

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