ONDS extends US$8 m notes to 2025, lowering near-term debt risk

Q: How much debt is affected by the new maturity date?

Five notes with an original principal aggregate of roughly US$8.0 million now share the new due date.

Q: Does the amendment add new financing for Ondas?

No. The 8-K only revises maturities; it does not raise new capital or change principal amounts.

Q: Are the amended notes still convertible?

Yes. The filing does not remove conversion features, so potential equity dilution remains.

Q: When do the amended notes now mature?

All covered notes mature on December 31 2025.

[Form 4] Redfin Corporation Insider Trading Activity

Filing Impact

(Low)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Ondas Holdings Inc. (NASDAQ: ONDS) filed a Form 8-K announcing an amendment that pushes the maturity of all outstanding subsidiary notes to 31 Dec 2025. Ondas Networks Inc., the operating subsidiary, signed a Letter Agreement on 3 Jul 2025 with existing noteholders鈥擟harles & Potomac Capital and two private investor groups鈥攃overing five convertible and secured notes originally issued between Jul 2024 and Jan 2025. The aggregate original principal of these instruments totals approximately US$8.0 million (July 2024 Notes US$1.5 m; Secured Note US$1.5 m; November Notes US$2.07 m; January Notes US$2.93 m). No new capital was raised and no covenants were disclosed as amended other than the extended due date.

The extension reduces immediate refinancing pressure and gives management another 18 months to execute strategic plans, including scaling its industrial wireless platform and integrating American Robotics. However, the notes remain convertible and/or secured, leaving potential dilution and collateral constraints in place. Investors should assess whether the extra runway is sufficient to reach cash-flow breakeven before the new 2025 maturity.

Positive

All subsidiary notes鈥攁bout US$8 million鈥攏ow mature on 31 Dec 2025, extending debt runway by up to 18 months and easing near-term liquidity stress.
No additional debt or equity issuance means leverage and shareholder dilution are unchanged in the short term.
Noteholder cooperation signals continued support from existing lenders.

Negative

Convertible and secured structure remains, leaving dilution and collateral risks intact.
8-K omits interest rate or fee details; amendments could carry higher costs.
Refinancing risk only deferred; company must achieve cash-flow improvement before new maturity.

Insights

TL;DR 鈥� 8-K extends US$8 m notes to 12/31/25, easing near-term liquidity pressure.

The noteholders鈥� consent to a universal maturity pushout is constructive: it signals confidence and avoids a potential cash crunch in H2 2024-H1 2025. Ondas now aligns all subsidiary debt to a single date, simplifying its capital structure. Because no incremental debt or equity is issued, leverage ratios stay unchanged while short-term liabilities fall. The company still carries sizable secured and convertible paper; if converted, it could dilute equity by an estimated 10-15 % based on current price. Overall, the move is modestly positive for solvency and neutral for valuation until operational execution improves.

TL;DR 鈥� Extension buys time but merely shifts, not removes, refinancing risk.

Liquidity window expands to end-2025, lowering imminent default probability. Yet the consolidated US$8 m debt retains security interests and conversion features, which can pressure equity or assets later. Absent covenant changes, noteholders could still accelerate on other defaults. The filing lacks detail on interest rate adjustments or fees鈥攑otential hidden costs. Impact: positive short term, neutral-to-negative medium term if cash burn persists.

07/03/2025 - 05:07 PM

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Tobaccowala Selina

(Last)

(First)

(Middle)

C/O REDFIN CORPORATION

1099 STEWART STREET, SUITE 600

(Street)

SEATTLE

98101

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Redfin Corp [ RDFN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/01/2025		D⁽¹⁾		173,400	D	⁽¹⁾	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The shares were disposed of pursuant to the Agreement and Plan of Merger, dated March 9, 2025 (the "Merger Agreement"), by and among Redfin Corporation (the "Company"), Rocket Companies, Inc. ("Parent"), and Neptune Merger Sub, Inc., a wholly owned subsidiary of Parent ("Merger Sub"). Pursuant to the Merger Agreement, on July 1, 2025, Merger Sub merged with and into Company (the "Merger"), with Company surviving the Merger as a wholly owned subsidiary of Parent. At the effective time of the Merger (the "Effective Time"), each issued and outstanding share of Company's common stock, par value $0.001 per share ("Company Common Stock") was converted into the right to receive 0.7926 shares of Class A Common Stock of Parent (the "Parent Common Stock" and such ratio, the "Exchange Ratio") and cash payable in lieu of fractional shares, as described in the Merger Agreement.

Remarks:

	/s/ Anthony Kappus, attorney-in-fact	07/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source:

FAQ

What did Ondas Holdings (ONDS) announce in its July 3 2025 Form 8-K?

The company extended the maturity of all outstanding subsidiary notes, totaling about US$8 million, to December 31 2025.

How much debt is affected by the new maturity date?

Five notes with an original principal aggregate of roughly US$8.0 million now share the new due date.

Does the amendment add new financing for Ondas?

No. The 8-K only revises maturities; it does not raise new capital or change principal amounts.

Are the amended notes still convertible?

Yes. The filing does not remove conversion features, so potential equity dilution remains.

Why is the maturity extension important for investors?

It , giving management more time to reach profitability before repayment or conversion is required.

When do the amended notes now mature?

All covered notes mature on December 31 2025.

AG真人官方

[Form 4] Redfin Corporation Insider Trading Activity

Insights

FAQ

What did Ondas Holdings (ONDS) announce in its July 3 2025 Form 8-K?

How much debt is affected by the new maturity date?

Does the amendment add new financing for Ondas?

Are the amended notes still convertible?

Why is the maturity extension important for investors?

When do the amended notes now mature?

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[Form 4] Redfin Corporation Insider Trading Activity

Insights

Financial Analyst positive

Risk Analyst neutral

FAQ

What did Ondas Holdings (ONDS) announce in its July 3 2025 Form 8-K?

How much debt is affected by the new maturity date?

Does the amendment add new financing for Ondas?

Are the amended notes still convertible?

Why is the maturity extension important for investors?

When do the amended notes now mature?

NASDAQ:RDFN

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