Ondas Holdings Retires All Outstanding Convertible Notes, Enhances Financial Position and Simplifies Balance Sheet

Ondas Holdings has fully retired its outstanding convertible notes, including the 2023 Additional Notes and December 2024 Additional Notes. The retirement reflects the company's strong financial position and confidence in its long-term growth trajectory. With over $67 million in cash and cash equivalents on its balance sheet, Ondas has ample liquidity to pursue its strategic growth plan. This simplifies its capital structure and underscores its financial discipline and strategic focus.

Ondas Holdings Inc. (NASDAQ:ONDS), a leading provider of private industrial wireless networks and autonomous drone and data solutions, has announced the full retirement of its outstanding convertible notes. As of July 18, 2025, all previously issued convertible notes, including the 2023 Additional Notes, the December 3, 2024 Additional Notes, the December 17, 2024 Additional Notes, and the December 31, 2024 Additional Notes, have been fully settled and no longer outstanding [1].

This milestone reflects the company's strong financial position and confidence in its long-term growth trajectory. Eric Brock, Chairman and CEO of Ondas Holdings, stated, "The full exercise and retirement of our convertible notes is a significant achievement for Ondas. It reflects our strong financial position and confidence in our long-term growth trajectory. With more than $67 million in cash and cash equivalents on our balance sheet as of June 30th, we are operating from a position of strength with ample liquidity to pursue our strategic growth plan" [1].

The retirement of these convertible notes further enhances the Company's capital structure, simplifying its balance sheet while underscoring Ondas' financial discipline and strategic focus. Ondas Holdings operates through its Ondas Autonomous Systems (OAS) and Ondas Networks business units, offering powerful combinations of aerial intelligence and next-generation connectivity to enhance security, operational efficiency, and data-driven decision-making across essential industries [1].

Ondas Autonomous Systems (OAS) provides a portfolio of best-in-class AI-driven defense and security drone platforms, currently deployed globally to protect and secure sensitive locations, populations, and critical infrastructure. Operating via its wholly owned subsidiaries, American Robotics and Airobotics, OAS offers the Optimus System—the first U.S. FAA-certified sUAS for automated aerial security and data capture—and the Iron Drone Raider, an autonomous counter-UAS system designed to neutralize hostile drones [1].

Ondas Networks provides software-defined wireless broadband technology through its FullMAX platform, based on the IEEE 802.16t standard. This standards-based system delivers high-performance connectivity for mission-critical IoT applications in markets such as rail, utilities, oil and gas, transportation, and government [1].

As of the latest financial data available, Ondas Holdings' stock price stands at $1.480, with a market capitalization of $198.58 million. The company's revenue for the latest reporting period was $10.82 million, with a net income of -$42.27 million [2].

References:
[1] https://ir.ondas.com/press-releases/detail/218/ondas-holdings-retires-all-outstanding-convertible-notes
[2] https://www.investing.com/equities/ondas