Mohawk Industries, Inc. announced that it has received $4.05 million in funding
February 25, 2024
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Ondas Holdings Inc. announced that it has entered into a Securities Purchase Agreement with certain purchasers for the purchase and sale of an aggregate of 3,616,071 shares at an issue price of 1.12 per share for the gross proceeds of $4,049,999.52, warrants to purchase an aggregate of 3,616,071 shares at an exercise price described in the OAH Warrant and exercisable commencing ninety days following the date of issuance through the fifth anniversary of the date of issuance on February 26, 2024. The issuance of the OAH Warrants were exempt from registration requirements of the Securities Act of 1933, as amended (the ?Securities Act?), pursuant to Section 4(2) of such Securities Act and Regulation D promulgated thereunder based upon the representations of each of the Ondas Purchasers and Networks Purchasers that it was an ?accredited investor? (as defined under Rule 501 of Regulation D) and that it was purchasing such securities without a present view toward a distribution of the securities.
Mohawk Industries, Inc. specializes in manufacturing and marketing ground coating products. The group's products are sold under the Mohawk, Aladdin, American Olean, Bigelow, Century Flooring, Columbia Flooring, Dal-Tile, Durkan, Horizon, Karastan, Lees, Merit, PureBond, Quick-Step, Uniclic, Unilin brands, etc. Net sales break down by family of products as follows:
- carpets and rugs (38.3%);
- tile products (35.2%): ceramic, porcelain, marble and natural stone tiles;
- floors (16.5%): solid wood flooring, laminate flooring and vinyl flooring;
- other (10%).
At the end of 2021, the group had 69 production sites worldwide.
Net sales break down geographically as follows: the United States (55.2%), Europe (27.8%), Russia (4%) and other (13%).
MOHAWK INDUSTRIES, INC. 
