As filed with the Securities and Exchange Commission on February 2,
2024
Registration Statement No. 333−
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
ONDAS HOLDINGS INC.
(Exact name of registrant as specified in its charter)
Nevada |
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47-2615102 |
(State or other jurisdiction of
incorporation or organization) |
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(IRS Employer
Identification No.) |
53 Brigham Street, Unit 4, Marlborough, MA |
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01752 |
(Address of Principal Executive Offices) |
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(Zip Code) |
Ondas Holdings Inc. 2021 Stock Incentive
Plan, as amended
(Full title of the plan)
Eric A. Brock
Chairman and Chief Executive Officer
Ondas Holdings Inc.
53 Brigham Street, Unit 4,
Marlborough, MA 01752
(Name and address of agent for service)
(888) 350-9994
(Telephone number, including area code, of agent
for service)
With a copy to:
Christina C. Russo
Akerman LLP
98 Southeast Seventh Street
Suite 1100
Miami, Florida 33131
Telephone: (305) 374-5600
Indicate by check mark whether
the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging
growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting
company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer |
☐ |
Accelerated filer |
☐ |
Non-accelerated filer |
☒ |
Smaller reporting company |
☒ |
|
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Emerging growth company |
☐ |
If an emerging growth company,
indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐
This Registration Statement
will become effective upon filing in accordance with Rule 462(a) under the Securities Act.
EXPLANATORY NOTE
On September 29, 2023, the
Board of Directors of Ondas Holdings Inc. (the “Company”) approved an amendment to the Ondas Holdings Inc. 2021 Stock Incentive
Plan (the “Plan”), subject to stockholder approval at the Company’s 2023 Annual Meeting of Stockholders to increase
the number of shares of common stock, par value $0.0001 (the “Common Stock”), authorized for issuance under the Plan from
6,000,000 shares of Common Stock to 8,000,000 shares of Common Stock (the “Plan Increase”). On October 31, 2023, the Plan
Increase was approved by the Company’s stockholders at the 2023 Annual Meeting of Stockholders. The Company previously filed a Registration
Statement on Form S-8 on November 5, 2021 (File No. 333-260845) registering an aggregate of 6,000,000 shares of Common Stock under the
Plan (the “Earlier Registration Statement”). The Company is filing this Registration Statement on Form S-8 to register an
additional 2,000,000 shares of Common Stock authorized for issuance under the Plan. The additional securities to be registered by this
Registration Statement are of the same class as those securities covered by the Earlier Registration Statement. Pursuant to General Instruction
E to Form S-8, the contents of the Earlier Registration Statement is incorporated herein by reference, except to the extent supplemented,
amended or superseded by the information set forth herein.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The documents containing the
information required by Part I of Form S-8 will be sent or given to participants as specified by Rule 428(b)(1) under the Securities Act
of 1933, as amended (the “Securities Act”). In accordance with Rule 428(b)(1) and the requirements of Part I of Form S-8,
these documents are not required to be filed with the SEC, either as part of this Registration Statement or as prospectuses or prospectus
supplements pursuant to Rule 424 under the Securities Act. These documents and the documents incorporated by reference in this Registration
Statement pursuant to Item 3 of Part II of this Registration Statement, taken together, constitute a prospectus that meets the requirements
of Section 10(a) of the Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents filed
with the SEC by us pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”), are incorporated by reference
in this Registration Statement, other than information furnished pursuant to Item 2.02 or Item 7.01 of Form 8-K:
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Our Annual Report on Form 10–K for the fiscal year ended December 31, 2022, filed on March 14, 2023; |
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Our Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, filed with the SEC on May 15, 2023; |
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Our Quarterly Report on Form 10-Q for the quarter ended June 30, 2023, filed with the SEC on August 14, 2023; |
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Our Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, filed with the SEC on November 14, 2023; |
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● |
Our Current Reports on
Form 8-K as filed with the SEC on September
23, 2022, January 11,
2023, January 13, 2023, January
23, 2023, January 25,
2023, February 7, 2023, February
15, 2023, March 7,
2023, June 9, 2023, July
10, 2023, July 11, 2023, July
24, 2023, July 28,
2023, August 16, 2023, September
6, 2023, September 22,
2023, September 29,
2023, October 6, 2023, October
10, 2023, October 11,
2023, October 31, 2023, December
6, 2023 and January 24,
2024; and |
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● |
The description of the Company’s common stock contained in the Company’s Registration Statement on Form 8-A, filed with the SEC on December 3, 2020, as updated by the description of the capital stock contained in Exhibit 4.5 to the Annual Report on Form 10-K for the year ended December 31, 2020, filed on March 8, 2021, and its Certificate of Amendment to its Amended and Restated Articles of Incorporation filed with its Current Report on Form 8-K filed on October 31, 2023. |
In addition, all documents
filed by us pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, other than information furnished pursuant to Item 2.02
or Item 7.01 of Form 8-K, subsequent to the date of this Registration Statement and prior to the filing of a post-effective amendment
to this Registration Statement which indicates that all securities offered have been sold or which deregisters all securities then remaining
unsold, shall be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from the date of filing
of such documents. Any statement in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified
or superseded for the purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently
filed document which also is or deemed to be incorporated by reference herein modifies or supersedes such statement. Any statement so
modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
We will provide to you, upon
request, a copy of each of our filings at no cost. Please make your request by writing or telephoning us at the following address or telephone
number:
Ondas Holdings Inc.
53 Brigham Street, Unit 4,
Marlborough, MA 01752
Attention: Eric Brock
Telephone: (888) 350-9994
You should rely only on the
information incorporated by reference or provided in this prospectus or any supplement. We have not authorized anyone else to provide
you with different information. You should not assume that the information in this prospectus or any supplement is accurate as of any
date other than the date on the front of those documents.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
The NRS provide
that:
| ● | a corporation may indemnify any person who was or is a party or is threatened
to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative,
except an action by or in the right of the corporation, by reason of the fact that he is or was a director, officer, employee or agent
of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, against expenses, including attorneys’ fees, judgments, fines and amounts
paid in settlement actually and reasonably incurred by him in connection with the action, suit or proceeding if he or she is not liable for a breach of any fiduciary duty pursuant to NRS 78.138,
he or she acted in good
faith and in a manner which he or she reasonably believed to be in or not opposed to the best interests of the corporation, and, with
respect to any criminal action or proceeding, had no reasonable cause to believe his or her conduct was unlawful; |
| ● | corporation may indemnify any person who was or is a party or is threatened
to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment
in its favor by reason of the fact that he or she is or was a director, officer, employee or agent of the corporation, or is or was serving
at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust
or other enterprise against expenses, including amounts paid in settlement and attorneys’ fees actually and reasonably incurred
by him or her in connection with the defense or settlement of the action or suit if he or she is not liable for a breach of any fiduciary duty pursuant to NRS 78.138,
he or she acted in good faith and in a manner which
he or she reasonably believed to be in or not opposed to the best interests of the corporation. Indemnification may not be made for any
claim, issue or matter as to which such a person has been adjudged by a court of competent jurisdiction, after exhaustion of all appeals
therefrom, to be liable to the corporation or for amounts paid in settlement to the corporation, unless and only to the extent that the
court in which the action or suit was brought or other court of competent jurisdiction determines upon application that in view of all
the circumstances of the case, the person is fairly and reasonably entitled to indemnity for such expenses as the court deems proper;
and |
| ● | to the extent that a director, officer, employee or agent of a corporation
has been successful on the merits or otherwise in defense of any action, suit or proceeding, or in defense of any claim, issue or matter
therein, the corporation must indemnify him or her against expenses, including attorneys’ fees, actually and reasonably incurred
by him or her in connection with the defense. |
The NRS provide that we may make
any discretionary indemnification only as authorized in the specific case upon a determination that indemnification of the director, officer,
employee or agent is proper in the circumstances. The determination must be made:
| ● | by the board of directors by majority vote of a quorum consisting of directors
who were not parties to the action, suit or proceeding; |
| ● | if a majority vote of a quorum consisting of directors who were not parties
to the action, suit or proceeding so orders, by independent legal counsel in a written opinion; |
| ● | if a quorum consisting of directors who were not parties to the action, suit
or proceeding cannot be obtained, by independent legal counsel in a written opinion; or |
The NRS provide
that a corporation may purchase and maintain insurance or make other financial arrangements on behalf of any person who is or was a director,
officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee
or agent of another corporation, partnership, joint venture, trust or other enterprise for any liability asserted against him and liability
and expenses incurred by him in his capacity as a director, officer, employee or agent, or arising out of his status as such, whether
or not the corporation has the authority to indemnify him against such liability and expenses.
We also maintain a general
liability insurance policy, which covers certain liabilities of directors and officers of our company arising out of claims based on acts
or omissions in their capacities as directors or officers.
Exclusive Jurisdiction of Certain Actions
Unless we consent in writing
to the selection of an alternative forum, the Eighth Judicial District Court of Clark County of the State of Nevada (the “Court”)
shall be the sole and exclusive forum for any stockholder (including a beneficial owner) to bring (i) any derivative action or proceeding
brought on behalf of the Company, (ii) any action asserting a claim of breach of a fiduciary duty owed by any Director, officer or other
employee of the Company to the Company or the Company’s stockholders, (iii) any action asserting a claim against the Company, any
director or the Company’s officers or employees arising pursuant to any provision of the NRS, Chapters 78 or 92A of the NRS or our
Amended and Restated Articles of Incorporation or our Bylaws, or (iv) any action asserting a claim against the Company, any director or
the Company’s officers or employees governed by the internal affairs doctrine. However, each of these clauses (i) through (iv) will
not apply to any claim (x) as to which the Court determines that there is an indispensable party not subject to the jurisdiction of the
Court (and the indispensable party does not consent to the personal jurisdiction of the Court within ten (10) days following such determination),
(y) for which the Court does not have subject matter jurisdiction, or (z) which is vested in the exclusive jurisdiction of a court or
forum other than the Court, including pursuant to Section 27 of the Exchange Act, which provides for exclusive federal jurisdiction over
suits brought to enforce any duty or liability created by the Exchange Act or the rules and regulations thereunder. Furthermore, Section
22 of the Securities Act provides for concurrent jurisdiction for federal and state courts over all suits brought to enforce any duty
or liability created by the Securities Act or the rules and regulations thereunder, and as such the exclusive jurisdiction clauses set
forth above would not apply to such suits
Although we believe these
provisions benefit us by providing increased consistency in the application of Nevada law for the specified types of actions and proceedings,
the provisions may have the effect of discouraging lawsuits against us or our directors and officers. Any person or entity purchasing
or otherwise acquiring any interest in our shares of capital stock shall be deemed to have notice of and consented to this exclusive forum
provision, but will not be deemed to have waived our compliance with the federal securities laws and the rules and regulations thereunder.
We have been advised that
in the opinion of the SEC, insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors,
officers and other persons pursuant to the foregoing provisions, or otherwise, such indemnification is against public policy as expressed
in the Securities Act and is therefore unenforceable. In the event a claim for indemnification against such liabilities (other than payment
of expenses incurred or paid by a director or officer in the successful defense of any action, suit or proceeding) is asserted by such
director, officer or other person in connection with the securities being registered, we will, unless in the opinion of our counsel the
matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification
is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
Item 7. Exemption From Registration Claimed.
Not applicable.
Item 8. Exhibits.
Exhibit No. |
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Description |
3.1 |
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Amended and Restated Articles of Incorporation of the Registrant, dated September 28, 2018 (incorporated herein by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed on October 4, 2018). |
3.2 |
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Amended and Restated Bylaws of the Registrant, dated September 28, 2018 (incorporated herein by reference to Exhibit 3.2 to the Company’s Current Report on Form 8-K filed on October 4, 2018). |
3.3 |
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Certificate of Designation (incorporated herein by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed on August 17, 2020). |
3.4 |
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Certificate of Change (incorporated herein by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed on November 13, 2020). |
3.5 |
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Certificate of Amendment, filed on October 31, 2023 (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed on October 31, 2023). |
5.1 |
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Opinion of Snell & Wilmer L.L.P.* |
10.1+ |
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Ondas Holdings Inc. 2021 Stock Incentive Plan (incorporated herein by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the SEC on November 5, 2021). |
10.2+ |
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Amendment to the Ondas Holdings Inc. 2021 Incentive Stock Plan (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on October 31, 2023). |
23.1 |
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Consent of Snell & Wilmer L.L.P. (included with Exhibit 5.1).* |
23.2 |
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Consent of Rosenberg Rich Baker Berman, P.A.* |
23.3 |
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Consent of Kost Forer Gabbay & Kasierer, a member of Ernst & Young Global.* |
24.1 |
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Power of Attorney (included with signature page on this Form S-8)* |
107 |
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Filing Fee Table.* |
* | Filed
herewith |
+ | Management
Compensatory Plan |
Item 9. Undertakings.
The undersigned registrant
hereby undertakes:
| 1. | To file, during any period in which offers or sales are being made, a post-effective amendment to this
Registration Statement: |
| i. | To include any prospectus required by section 10(a)(3) of the Securities Act of 1933; |
| ii. | To reflect in the prospectus any facts or events arising after the effective date of the Registration
Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change
in the information set forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities
offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or
high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule
424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering
price set forth in the “Calculation of Registration Fee” table in the effective Registration Statement; |
| iii. | To include any material information with respect to the plan of distribution not previously disclosed
in the Registration Statement or any material change to such information in the Registration Statement; |
provided, however, that paragraphs (1)(i)
and (1)(ii) of this section do not apply if the information required to be included in a post-effective amendment by those paragraphs
is contained in reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or 15(d) of the Exchange Act
that are incorporated by reference in the Registration Statement.
| 2. | That, for the purpose of determining any liability under the Securities Act, each such post-effective
amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof. |
| 3. | To remove from registration by means of a post-effective amendment any of the securities being registered
which remain unsold at the termination of the offering. |
| 4. | The undersigned registrant hereby undertakes that, for purposes of determining any liability under the
Securities Act, each filing of the registrant’s annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where
applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated
by reference in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein,
and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. |
| 5. | Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors,
officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised
that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses
incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless
in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue. |
SIGNATURES
Pursuant to the requirements
of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements
for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized,
in the City of Marlborough, State of Massachusetts, on this 2nd day of February, 2024.
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ONDAS HOLDINGS INC. |
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By: |
/s/ Eric A. Brock |
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Eric A. Brock |
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Chief Executive Officer |
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Principal Executive Officer |
KNOW ALL MEN BY THESE PRESENTS,
that each person whose signature appears below constitutes and appoints of Eric A. Brock and Yishay Curelaru, and each of them, his or
her true and lawful attorneys-in-fact and agents, for him or her and in his or her name, place and stead, in any and all capacities, to
sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Securities and Exchange Commission granting unto said attorneys-in-fact
and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done,
as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact
and agents, or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements
of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates
indicated.
Signature |
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Title |
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Date |
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/s/ Eric A. Brock |
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Chairman, Chief Executive Officer, and President (Principal Executive Officer) |
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February 2, 2024 |
Eric A. Brock |
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Chief Financial Officer |
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/s/ Yishay Curelaru |
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(Principal Financial Officer) |
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February 2, 2024 |
Yishay Curelaru |
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/s/ Richard M. Cohen |
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Director |
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February 2, 2024 |
Richard M. Cohen |
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/s/ Randall P. Seidl |
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Director |
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February 2, 2024 |
Randall P. Seidl |
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/s/ Jaspreet Sood |
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Director |
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February 2, 2024 |
Jaspreet Sood |
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Exhibit 5.1
Snell & Wilmer L.L.P.
3883 Howard Hughes Parkway, Suite 1100
Las Vegas, NV 89169-5958
TELEPHONE: 702.784.5200
FACSIMILE: 702.784.5252
February 2, 2024
Ondas Holdings Inc.
53 Brigham Street,
Unit 4,
Marlborough, MA 01752
Re: Registration Statement on Form S-8
Ladies and Gentlemen:
We have acted as special Nevada
counsel to Ondas Holdings Inc., a Nevada corporation (the “Company”), in connection with the preparation and filing
with the Securities and Exchange Commission (the “Commission”) of a Registration Statement on Form S-8 on the date
hereof (the “Registration Statement”) under the Securities Act of 1933, as amended (the “Securities Act”).
The Registration Statement relates to the registration and sale by the Company of an aggregate of 2,000,000 shares (the “Shares”)
of common stock, par value $0.0001 per share, of the Company (the “Common Stock”), to be issued pursuant to awards
(“Awards”) to be granted under the Ondas Holdings Inc. 2021 Incentive Stock Plan, as amended (the “Plan”).
This opinion is being furnished
in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Securities Act in connection with the filing of the
Registration Statement. All capitalized terms used herein and not otherwise defined shall have the respective meanings given to them in
the Registration Statement.
In connection with our representation
of the Company, and as a basis for the opinion hereinafter set forth, we have relied upon and examined originals, or copies certified
or otherwise identified to our satisfaction, of the following documents (hereinafter collectively referred to as the “Documents”):
(i) the Registration Statement and exhibits hereto; (ii) the Amended and Restated Articles of Incorporation of the Company, as amended,
as currently in effect, certified as of the date hereof by an officer of the Company; (iii) the Amended and Restated Bylaws of the Company,
as amended, as currently in effect, certified as of the date hereof by an officer of the Company; (iv) the Certificate of Existence with
Status in Good Standing, certified by the Secretary of State of the State of Nevada, dated as of a recent date; (v) the Resolutions adopted
by the board of directors of the Company relating to the approval of the Plan and the Registration Statement and the authorization of
the issuance and registration of the Shares pursuant to the Awards, certified as of the date hereof by an officer of the Company; (iv)
a specimen of the current form of stock certificate representing shares of the Company’s Common Stock, certified as of the date
hereof by an officer of the Company; (vii) the Plan, certified as of the date hereof by an officer of the Company; (viii) a certificate
executed by an officer of the Company, dated February 2, 2024; and (ix) such other documents and matters as we have deemed necessary
or appropriate to express the opinion set forth below, subject to the assumptions, limitations and qualifications stated herein. We have
also reviewed such matters of law as we considered necessary or appropriate as a basis for the opinion set forth below.
In expressing the opinion
set forth below, we have assumed the following:
| A. | Each individual executing any of the Documents, whether on behalf of such individual or any other person,
is legally competent to do so. |
| B. | All Documents submitted to us as originals are authentic. The form and content of all Documents submitted
to us as unexecuted drafts do not differ in any respect relevant to this opinion from the form and content of such Documents as executed
and delivered. All Documents submitted to us as certified or photostatic copies conform to the original documents. All signatures on all
such Documents are genuine. All public records reviewed or relied upon by us or on our behalf are true and complete. All representations,
warranties, statements and information contained in the Documents are true and complete. There has been no oral or written modification
of or amendment to any of the Documents, and there has been no waiver of any provision of any of the Documents, by action or omission
of the parties or otherwise. |
Ondas Holdings Inc.
February 2, 2024
Page 2
Based upon the foregoing,
and subject to the assumptions, limitations and qualifications stated herein, it is our opinion that the issuance of the Shares has been
duly authorized, and that when the Shares are issued and delivered by the Company upon full payment for the Shares in accordance with
the terms of the Plan and any Awards made under the Plan, such Shares will be validly issued, fully paid and nonassessable shares of Common
Stock.
We render this opinion only
with respect to the general corporate law of the State of Nevada as set forth in Chapter 78 of the Nevada Revised Statutes. We neither
express nor imply any obligation with respect to any other laws or the laws of any other jurisdiction or of the United States. For purposes
of this opinion, we assume that the Shares will be issued in compliance with all applicable state securities or blue sky laws.
The opinion expressed herein
is limited to the matters specifically set forth herein and no other opinion shall be inferred beyond the matters expressly stated. We
assume no obligation to supplement this opinion if any applicable law changes after the date hereof or if we become aware of any fact
that might change the opinion expressed herein after the date hereof. Without limiting the generality of the foregoing, we neither express
nor imply any opinion regarding the contents of the Registration Statement, other than as expressly stated herein with respect to the
Shares.
This opinion letter is furnished
in connection with the filing of the Registration Statement and may not be relied upon for any other purpose without our prior written
consent in each instance. Further no portion of this letter may be quoted, circulated or referred to in any other document for any other
purpose without our prior written consent. We hereby consent to the filing of this opinion as an exhibit to the Registration Statement
and to the use of the name of our firm therein. In giving this consent, we do not admit that we are within the category of persons whose
consent is required by Section 7 of the Securities Act or the rules and regulations of the Commission promulgated thereunder.
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Very truly yours, |
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/s/ Snell & Wilmer L.L.P. |
Exhibit 23.2
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM
We consent to the incorporation by reference in
this Registration Statement on Form S-8 of Ondas Holdings Inc. of our report dated March 14, 2023 on our audit of the financial statements
of Ondas Holdings Inc. as of and for the years ended December 31, 2022 and 2021.
/s/ Rosenberg Rich Baker Berman, P.A.
Somerset, New Jersey
February 2, 2024
Exhibit 23.3
![](https://www.sec.gov/Archives/edgar/data/1646188/000121390024009739/ex23-3_001.jpg) |
|
Kost Forer Gabbay & Kasierer
Derech Menachem Begin 144A,
Tel Aviv, 6492124
Tel- 03-6232525
Fax- 03-5622555
www.ey.com/il |
Consent Letter
The Board of Directors
Airobotics LTD.:
We consent to the incorporation by reference in this Registration Statement
on Form S-8 of Ondas Holdings Inc. of our report dated September 22, 2022, relating to the financial statements of Airobotics Ltd. as
of December 31, 2021 and 2020 and for the years ended December 31, 2021 and 2020, included in the Current Report on Form 8-K of Ondas
Holdings Inc. dated September 23, 2022.
/s/ Kost Forrer Gabbay and Kasierer
A member of Ernst & Young Global
Tel Aviv, Israel
Febuary 2, 2024
Exhibit
107
Calculation
of Filing Fee Tables
Form
S-8
(Form
Type)
Ondas
Holdings Inc.
(Exact
Name of Registrant as Specified in its Charter)
| |
Security
Type | |
Security
Class
Title | |
Fee Calculation or Carry Forward Rule | |
Amount Registered (1)(2) | | |
Proposed Maximum Offering Price Per Share (3) | | |
Maximum Aggregate Offering Price | | |
Fee Rate | | |
Amount of Registration Fee | |
Fees to Be Paid | |
Equity | |
Common Stock, $0.0001 stated value | |
Other | |
| 2,000,000 | | |
$ | 1.37 | | |
$ | 2,740,000 | | |
| 0.00014760 | | |
$ | 404.42 | |
| |
| |
Total Offering Amounts | | |
| | | |
$ | 2,740,000 | | |
| | | |
$ | 404.42 | |
| |
| |
Total Fees Previously Paid | | |
| | | |
| | | |
| | | |
$ | – | |
| |
| |
Total Fee Offsets | | |
| | | |
| | | |
| | | |
$ | – | |
| |
| |
Net Fee Due | | |
| | | |
| | | |
| | | |
$ | 404.42 | |
(1) |
Pursuant
to Rule 416(a) of the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement shall also
cover any additional shares of Common Stock, as may be issuable under Ondas Holdings Inc. 2021 Stock Incentive Plan, as amended (the
“Plan”), that become issuable by reason of any stock dividend, stock split, recapitalization or other similar transaction
effected without receipt of consideration, which results in an increase in the number of outstanding shares of Common Stock. |
(2) |
Represents
additional shares of common stock, par value $0.0001 (the “Common Stock”), of Ondas Holdings Inc. issuable under the
Plan. |
(3) |
Estimated
solely for the purpose of determining the registration fee pursuant to Rules 457(c) and 457(h) under the Securities Act. The proposed
maximum offering price per share, maximum aggregate offering price and registration fee are based on a price of $1.37 per share of
Common Stock, which price is an average of the high and low sales prices of the Common Stock as reported on the Nasdaq Stock Market
on February 1, 2024. |
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