Convertible promissory note
$300,000 principal
A $300,000 convertible note is described in the annual report. Debt principal is not an equity valuation or share price.
Wireless & autonomous systems · ONDS
Ondas
Ondas Networks became public through a reverse acquisition in 2018. Its later Nasdaq offering should not be mistaken for its first private funding round.
01 / YOUR SCENARIO
Choose your starting point.
Reverse acquisition and Nasdaq uplisting. The funding history is available below; a verified private share price and conversion chain are not. You can still model your own documented entry terms.
Uses comparable share prices, with splits, conversions and reorganizations already accounted for in your entry price.
YOUR PRE-LISTING ASSUMPTIONS → YOUR PRICE
OndasONDS · Your own entry terms
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Enter comparable starting and ending prices, then select Calculate.
Illustrative paper value; no sale or access to a historical investment is assumed. Excludes fees, taxes, cash dividends, warrants and other distributions; fractional shares assumed. Your entry price and conversion assumptions are unverified.
THE STORY & THE EVIDENCE
Ondas: before the public market.
Ondas Networks became public through a reverse acquisition in 2018. Its later Nasdaq offering should not be mistaken for its first private funding round.
Reverse acquisition and Nasdaq uplisting6 sourced milestonesPrivate share terms unavailable
- Private debt
- Public transition
Reverse acquisition closes
Zev Ventures acquired Ondas Networks and changed its name. This replaced the predecessor’s ticket-resale business with the wireless business.
- Debt financing
Energy Capital facility
Up to $10 million facility
The transaction included a loan facility of up to $10 million, subject to conditions; a facility limit is not a completed equity raise.
- Debt-to-unit conversion
Promissory notes convert
$10,563,104 of principal and interest converted into 4,225,242 units. Units and associated warrants require a separate basis review.
- Share-basis change
One-for-three reverse split
The filing retroactively adjusts historical share and per-share amounts. Do not apply this split twice to already-restated figures.
- Follow-on public offering
Nasdaq-era public offering closes
$30 million firm-share gross$6 public offering price
5 million firm shares at $6. The offering was a public follow-on after the reverse acquisition, not a pre-IPO venture round.
What the records do not establish
- The reviewed filings do not establish a complete original venture-round ladder for Ondas Networks.
- Private placements containing warrants or converted debt are not treated as simple share-price entry points.
- The 2020 reverse split must be reconciled before comparing any earlier per-share price with a modern quote.
Research reviewed 2026-09-24. Selected public records, not a complete private cap table. An undisclosed price is left unknown.
Open this company’s sourced data (JSON) ↗
Source documents & filing locations
2020 Form 10-K ↗
Acquisition overview; Notes 7–9: financing and 1-for-3 reverse split; public offering.
December 2020 offering announcement ↗
5 million shares at $6 per share; Nasdaq uplisting.