Ondas Unit Attracts $3.5 Million Investment From Private Investor Group; Shares Rise-February 2024-www.financetom.com

Ondas Unit Attracts $3.5 Million Investment From Private Investor Group; Shares Rise

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Ondas Unit Attracts $3.5 Million Investment From Private Investor Group; Shares Rise

Oct 17, 2024 2:48 PM

11:20 AM EDT, 10/14/2024 (MT Newswires) -- Ondas Holdings ( ONDS ) said Monday that a private investor group, including Charles & Potomac Capital and Privet Ventures, has agreed to invest $3.5 million in convertible notes of the company's Ondas Autonomous Systems unit.

The notes will mature Sept. 30, 2025.

Ondas ( ONDS ) said the investment will be funded by Oct. 31 and support the unit's business expansion plan.

The company's shares were up over 8% in recent trading.

Price: 0.97, Change: +0.07, Percent Change: +8.10

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