Ondas Holdings, Inc. (ONDS) has disclosed a new risk, in the Share Price & Shareholder Rights category.
Ondas Holdings, Inc. faces a potential risk as their shares may become subject to the SEC’s penny stock rules, which could hinder trading activities. Should their stock price fall below $5.00 and they lose their Nasdaq listing, their shares would be classified as penny stocks, invoking stringent broker-dealer regulations. These regulations require detailed disclosures and written confirmations before transactions, potentially diminishing trading volume and liquidity for shareholders. Consequently, investors might encounter difficulties in selling their shares, adversely affecting the stock’s marketability.
The average ONDS stock price target is $4.00, implying 473.89% upside potential.
To learn more about Ondas Holdings, Inc.’s risk factors, click here.