Ondas holdings director Richard Cohen sells $32,644 in inventory

Richard Cohen, a director at Ondas Holdings Inc. (NASDAQ:ONDS), executed a number of transactions involving the corporate’s frequent inventory on December 19, 2024. Cohen offered a complete of 25,306 shares at a worth of $1.29 per share, amounting to $32,644. These gross sales have been carried out to cowl tax liabilities from the vesting of Restricted Inventory Items (RSUs). The inventory, which presently trades at $1.47, has proven robust momentum with a 113% acquire over the previous six months, in line with InvestingPro information.

Along with the gross sales, Cohen acquired 52,946 shares of frequent inventory by means of the vesting of RSUs, which have been granted as a part of his compensation bundle. These shares have been acquired for free of charge. Following these transactions, Cohen’s direct possession in Ondas Holdings stands at 156,069 shares. InvestingPro evaluation reveals the corporate’s unstable nature, with a beta of two.14, and identifies 15 extra key funding components. Get the whole evaluation and detailed Professional Analysis Report masking what actually issues about ONDS by means of InvestingPro’s complete protection of 1,400+ US shares.

In different latest information, Ondas Holdings has been making important monetary strikes. The corporate has issued new convertible notes, elevating $10 million as a part of a broader technique to finance its progress initiatives. This contains the issuance of $4.1 million in 3% Sequence B-2 Senior Convertible Notes, which shall be used for common company functions.

Ondas Holdings additionally secured an $11.5 million funding primarily to assist the expansion of its drone enterprise, Ondas Autonomous Programs. Regardless of going through 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, the corporate managed to safe $14.4 million in orders for its army know-how platforms.

Concurrently, Ondas expanded its 2021 Inventory Incentive Plan, growing the variety of shares obtainable for issuance from 8 million to 11 million. The corporate has additionally been granted a 180-day extension from Nasdaq to fulfill the minimal bid worth requirement. These developments display Ondas’ ongoing efforts to fulfill monetary and operational goals.

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