# EDGAR Filing Document

**Accession Number:** 0001646188
**File Stem:** 0001213900-25-052259
**Filing Date:** 2025-6
**Character Count:** 13064
**Document Hash:** 4fc43df6c0a1dc4e4221e55167fda816
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-052259.hdr.sgml**: 20250606

**ACCESSION NUMBER**: 0001213900-25-052259

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250606

**DATE AS OF CHANGE**: 20250606

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ondas Holdings Inc.
- **CENTRAL INDEX KEY:** 0001646188
- **STANDARD INDUSTRIAL CLASSIFICATION:** RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-90805
- **FILM NUMBER:** 251032361

**BUSINESS ADDRESS:**
- **STREET 1:** 1 MARINA PARK DRIVE
- **STREET 2:** UNIT 1410
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 6314187044

**MAIL ADDRESS:**
- **STREET 1:** 1 MARINA PARK DRIVE
- **STREET 2:** UNIT 1410
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ZEV VENTURES INC.
- **DATE OF NAME CHANGE:** 20150624
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Charles & Potomac Capital, LLC
- **CENTRAL INDEX KEY:** 0001990211

**ORGANIZATION NAME:**
- **EIN:** 472422480
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 3899 MAPLE AVENUE
- **STREET 2:** SUITE 100
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75219
- **BUSINESS PHONE:** 214-395-1213

**MAIL ADDRESS:**
- **STREET 1:** 3899 MAPLE AVENUE
- **STREET 2:** SUITE 100
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75219

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

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 5)**

**Ondas Holdings Inc.**

*(Name of Issuer)*

**Common Stock par value $0.0001**

*(Title of Class of Securities)*

**68236H204**

*(CUSIP Number)*

**Joseph V. Popolo**<br>Commonwealth Hall at Old Parkland<br>3899 Maple Avenue, Suite 100<br>Dallas TX 75219<br>(214) 395-1213

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**04/18/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **68236H204** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Charles & Potomac Capital, LLC** | Name of reporting person<br>**Charles & Potomac Capital, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**TEXAS** | Citizenship or place of organization<br>**TEXAS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**6415286.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**6415286.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**6415286.00** | Aggregate amount beneficially owned by each reporting person<br>**6415286.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[x] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[x] | |
| 13 | Percent of class represented by amount in Row (11)<br>**4.13%** | Percent of class represented by amount in Row (11)<br>**4.13%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** (1) The amount in Rows 8, 10 and 11 includes (i) 3,383,244 shares of common stock of Ondas Holdings Inc. held directly by Charles & Potomac Capital, LLC, (ii) 2,864,542 shares of common stock of Ondas Holdings Inc. issuable upon the exercise of a warrant that is exercisable at an exercise price of $0.89, on a one-to-one basis until July 21, 2028 (the "Warrant") and held directly by Stage 1 Growth Fund, LLC Series WAVE (the "SPV"), and (iii) 167,500 shares of common stock of Ondas Holdings Inc. issuable upon exercise of a warrant that is exercisable at an exercise price of $1.26, on a one-to-one basis until February 26, 2029 (the "February 2024 Warrant") and held directly by Charles & Potomac Capital, LLC.

(2) The percentage in Row 13 is calculated using 152,360,697 shares of common stock of Ondas Holdings Inc. outstanding as of June 3, 2025, as reported by Ondas Holdings Inc. to the Reporting Persons on June 3, 2025, and added to that number, pursuant to Rule 13d-3 of the Act, 3,032,042 shares of common stock of Ondas Holdings Inc. issuable upon the exercise of the Warrant and the February 2024 Warrant.

| **CUSIP No.** | **68236H204** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Joseph V. Popolo** | Name of reporting person<br>**Joseph V. Popolo** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**1284245.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**6415286.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**1284245.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**6415286.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**7699531.00** | Aggregate amount beneficially owned by each reporting person<br>**7699531.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[x] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[x] | |
| 13 | Percent of class represented by amount in Row (11)<br>**4.95%** | Percent of class represented by amount in Row (11)<br>**4.95%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** (1) The amount in Rows 7 and 9 includes 1,284,245 shares of common stock of Ondas Holdings Inc. held directly by Joseph V. Popolo.

(2) The amount in Rows 8, 10 and 11 includes (i) 3,383,244 shares of common stock of Ondas Holdings Inc. held directly by Charles & Potomac Capital, LLC, (ii) 2,864,542 shares of common stock of Ondas Holdings Inc. issuable upon the exercise of the Warrant, and (iii) 167,500 shares of common stock of Ondas Holdings Inc. issuable upon the exercise of the February 2024 Warrant.

 (3) The percentage in Row 13 is calculated using 152,360,697 shares of common stock of Ondas Holdings Inc. outstanding as of June 3, 2025, as reported by Ondas Holdings Inc. to the Reporting Persons on June 3, 2025, and added to that number, pursuant to Rule 13d-3 of the Act, 3,032,042 shares of common stock of Ondas Holdings Inc. issuable upon the exercise of the Warrant and the February 2024 Warrant.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock par value $0.0001

**(b) Name of Issuer:**
Ondas Holdings Inc.

**(c) Address of Issuer's Principal Executive Offices:**
One Marina Park Drive, Suite 1410, Boston, MA, 02210

EXPLANATORY NOTE

This Amendment No. 5 (this "Amendment") to the Schedule 13D originally filed by the Reporting Persons on August 29, 2023, as amended by Amendment No. 1 to Schedule 13D filed by the Reporting Persons on November 24, 2023, Amendment No. 2 to Schedule 13D filed by the Reporting Persons on February 28, 2024, Amendment No. 3 to Schedule 13D ("Amendment No. 3") filed by the Reporting Persons on June 4, 2024, and Amendment No. 4 to Schedule 13D filed by the Reporting Persons on January 3, 2025 (as so amended, the "Original Schedule 13D" and as amended by this Amendment, the "Schedule 13D") relates to the shares of common stock, par value $0.0001 per share (the "Shares"), of Ondas Holdings Inc., a Nevada corporation (the "Issuer"). Defined terms used in this Amendment and not otherwise defined herein have the meanings prescribed to such terms in the Original Schedule 13D. Any reference in the Original Schedule 13D to any item in the Original Schedule 13D shall be deemed to refer to such item as amended by this Amendment.

**Item 4. Purpose of Transaction**

Item 4 of the Original Schedule 13D is hereby amended and supplemented to add the following information:

As a result of Popolo being nominated to serve as the U.S. Ambassador to the Kingdom of the Netherlands and pursuant to the ethics restrictions applicable to such office with respect to ownership of the Shares, the Reporting Persons are required to dispose of all of the Shares beneficially owned by the Reporting Persons as soon as practicable but no later than 90 days after the U.S. Senate's confirmation of his nomination. Depending on the market price of the Shares and other factors, the Reporting Persons may donate the Shares to a private foundation, or dispose of the Shares in one or more open market transactions or in another manner, including by any combination of the foregoing. The Reporting Persons are not required to dispose of their securities in Ondas Networks, a subsidiary of Ondas Holdings, and they currently have no plans to do so. The Reporting Persons reserve the right, in light of their ongoing evaluation of the Issuer's financial condition, business, operations and prospects, the market price of the Shares, conditions in the securities markets generally, general economic and industry conditions, its business objectives, Popolo's personal plans, the result of the confirmation process by the U.S. Senate of Popolo's nomination, and other relevant factors, to change their plans and intentions at any time, as they deem appropriate.

**Item 5. Interest in Securities of the Issuer**

**(a)**
The information contained in rows 7, 8, 9, 10, 11 and 13 on the cover page of this Amendment (including footnotes thereto) is incorporated herein by reference. The Related Party, as the Managing Member of C&P, is deemed to share voting and dispositive power over, and therefore is deemed to beneficially own, 6,415,286 Shares that are beneficially owned by C&P, which represent 4.13% of the Shares outstanding. The Reporting Persons' and the Related Party's beneficial ownership percentage is calculated using 152,360,697 Shares outstanding as of June 3, 2025, as reported by Ondas Holdings Inc. to the Reporting Persons on June 3, 2025, and added to that number, pursuant to Rule 13d-3 of the Act, 3,032,042 shares of common stock of Ondas Holdings Inc. issuable upon the exercise of the Warrant and the February 2024 Warrant.

**(b)**
Item 5(a) of this Amendment is incorporated herein by reference.

**(c)**
Item 5(c) of the Original Schedule 13D is incorporated herein by reference.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Item 6 of the Original Schedule 13D is incorporated herein by reference.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Charles & Potomac Capital, LLC

**Signature:** /s/ Phil Rehkemper

**Name/Title:** Phil Rehkemper President

**Date:** 06/06/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Joseph V. Popolo

**Signature:** /s/ Joseph V. Popolo

**Name/Title:** Joseph V. Popolo

**Date:** 06/06/2025