Ondas Holdings (ONDS) has released an update.
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Ondas Holdings Inc. has been active in managing its debt instruments, having offered 3% senior convertible notes, which were later amended, exchanged, and re-offered as different series due in upcoming years. These notes are convertible into Ondas’ common stock under certain conditions. The company has ensured these offerings are in compliance with SEC regulations, refreshing their shelf registration statement for continued legal trading. Oppenheimer & Co. Inc. acted as the placement agent, while the legalities of these transactions were confirmed by the legal opinions of Snell & Wilmer L.L.P. and Akerman LLP, ensuring the enforceability of the notes.
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