Ondas (ONDS) stock ends volatile week lower after fresh SEC filings flag share overhang
Ondas shares fell 3.5% to $12.17 Friday on heavy volume after the company filed to allow resale of 1.62 million shares tied to its Sentry CS acquisition. Ondas also disclosed an $8.4 million preferred stock financing at its Ondas Networks unit. The resale filing caps selling to 10% of average daily volume and includes a further Sentry payment after 120 days.