|Over a week ago|
Ondas initiated with an Outperform at Oppenheimer » 06:4912/2312/23/20
Oppenheimer analyst Timothy Horan initiated coverage of Ondas with an Outperform rating and $10 price target. Private wireless networks for mission critical industries "have not been updated in 20 years," according to Horan, who sees Ondas' FullMAX platform being well positioned to gain adoption and help the company grow revenue to about $53M in 2022. Horan adds that the "railroad industry alone could spend $1.5B+ on Ondas's equipment to upgrade its spectrum over the next decade" as he sees private mission-critical wireless markets representing a $5B sales opportunity over the next ten years.
|Over a month ago|
Ondas 5M share Secondary priced at $6.00 » 09:5912/0412/04/20
Oppenheimer acted as lead…
Oppenheimer acted as lead book running manager for the offering.
Ondas files to sell $30M in common stock » 06:5611/3011/30/20
Oppenheimer & Co.…
Oppenheimer & Co. Inc. is acting as the sole book-running manager for the proposed offering. National Securities Corporation is acting as lead manager. Northland Capital Markets and Spartan Capital Securities, LLC are acting as co-managers for the offering.
Ondas Holdings announces one-for-three reverse stock split » 08:1211/1311/13/20
Ondas Holdings announced…
Ondas Holdings announced it will effect a one-for-three reverse stock split of its issued and outstanding common stock. pursuant to the certificate of change filed with the Secretary of State of the State of Nevada, the reverse stock split will be effective on November 13. The company expects that upon the opening of trading on November 16, its common stock will trade on the OTCQB on a split-adjusted basis under the current trading symbol. No fractional shares will be issued as a result of the reverse stock split. Any fractional shares that would result from the reverse stock split will be rounded up to the nearest whole share. Following the reverse stock split, the company will have 116,666,667 shares of common stock authorized and approximately 19,796,029 shares of common stock outstanding.