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Ondas Holdings Inc. Prices Upsized $40.0 Million Public Offering of Common Stock and Pre-Funded Warrants
BOSTON, MA / ACCESS Newswire / June 10, 2025 / Ondas Holdings Inc. (NASDAQ:ONDS) ("Ondas" or the "Company"), a leading provider of private industrial wireless
About this update from Ondas Inc
[{"type":"text","content":"BOSTON, MA / ACCESS Newswire / June 10, 2025 / Ondas Holdings Inc. (NASDAQ:ONDS) (\"Ondas\" or the \"Company\"), a leading provider of private industrial wireless networks and commercial drone and automated data solutions through its Ondas Networks and Ondas Autonomous Systems business units, announced today that it has priced its underwritten public offering of 22,400,000 shares of its common stock, or in lieu of common stock, pre-funded warrants to purchase up to 9,600,000 shares of its common stock, at an exercise price of $0.0001 per share. The public offering price of each share of common stock is $1.25 and the offering price of each pre-funded warrant is $1.25, minus $0.0001, which is the per share exercise price of the pre-funded warrant. The pre-funded warrants are exercisable immediately and will expire three years from the date of issuance. Ondas expects the gross proceeds from this offering to be approximately $40.0 million, before deducting the underwriting discount and other estimated offering expenses. Ondas intends to use the net proceeds from this offering for general corporate purposes, including funding capital expenditures and providing working capital. Ondas has granted the underwriter a 30-day option to purchase up to 4,800,000 additional shares of its common stock. Ondas expects to close the offering, subject to the satisfaction of customary conditions, on or about June 11, 2025.Oppenheimer & Co. Inc. is acting as the sole underwriter for the offering.A shelf registration statement on Form S-3 (File No. 333-286642) relating to the shares of common stock to be issued in the offering was filed with the Securities and Exchange Commission (\"SEC\") on April 18, 2025 and was declared effective on April 25, 2025. A preliminary prospectus supplement and accompanying prospectus describing the terms of the offering has been filed with the SEC and a final prospectus supplement will be filed with the SEC. Copies of the final prospectus supplement and the accompanying prospectus relating to the securities being offered may also be obtained, when available, from Oppenheimer & Co. Inc. Attention: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, NY 10004, or by telephone at (212) 667-8055, or by email at [email protected]. Electronic copies of the final prospectus supplement and accompanying...