Item 1.01. Entry Into a Material Definitive Agreement.

Amendment to Equity Distribution Agreement

On October 26, 2022, Ondas Holdings Inc. (the "Company") entered into Amendment No. 1 to the Equity Distribution Agreement, dated March 22, 2022 ("Amendment No. 1"), with Oppenheimer & Co. Inc., as sales agent. Amendment No. 1 provides for the reduction of the aggregate offering price from up to $50 million to up to $40 million of shares of the Company's common stock, par value $0.0001 per share (the "Shares").

The Shares will be issued pursuant to the Company's shelf registration statement (the "Registration Statement") on Form S-3 (File No. 333-252571) filed on January 29, 2021, which became effective on February 5, 2021, and the prospectus supplement thereto dated October 26, 2022.

The foregoing description of Amendment No. 1 does not purport to be complete and is qualified in its entirety by reference to the full text of Amendment No. 1, a copy of which is filed herewith as Exhibit 10.1, and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.





(d) Exhibits



Exhibit No.   Description
10.1            Amendment No. 1 to Equity Distribution Agreement, dated October 26,
              2022.
104           Cover Page Interactive Data File (embedded within the Inline XBRL
              document)




                                       1

© Edgar Online, source Glimpses