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UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION 
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 

Date of Report (Date of earliest event reported): June 25, 2021

Ondas Holdings Inc. 
(Exact name of registrant as specified in its charter)

Nevada 001-39761 47-2615102
(State or other jurisdiction of incorporation (Commission File Number (IRS Employer Identification No.)

 

61 Old South Road, #495, Nantucket, MA 02554 
(Address of principal executive offices) (Zip Code) 

 

(888) 350-9994

Registrant’s telephone number, including area code: 

 

N/A 
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

[   ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[   ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

[   ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[   ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol  Name of each exchange on which registered
Common Stock, $0.0001 par value per share ONDS The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b -2 of this chapter).

Emerging growth company [X]

If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [   ]

 

 

 

 

Item 1.02 Termination of a Material Definitive Agreement.

 

On June 25, 2021, Ondas Holdings Inc. (the “Company”) terminated the Loan and Security Agreement, dated as of March 9, 2018, by and between Ondas Networks, Inc. (formerly known as Full Spectrum Inc.), and Steward Capital Holdings, LP., as amended (the “Agreement”). In connection with the termination, the Company pre-paid in full its entire outstanding debt under the Agreement plus accrued interests and fees in the aggregate amount of $7,594,750.28.

 

 

 

 

SIGNATURES

           Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 1, 2021   ONDAS HOLDINGS INC.
       
       
    By: /s/ Eric A. Brock
      Eric A. Brock
      Chief Executive Officer