Ondas Holdings Inc. Announces Closing of $173 Million Public Offering Including Full Exercise of Overallotment Option
Ondas Holdings (NASDAQ:ONDS) has successfully completed a significant public offering, raising approximately $163 million in net proceeds. The offering included 53,084,000 shares of common stock, which incorporated the full exercise of the underwriter's over-allotment option of 6,924,000 shares.
The offering was managed by Oppenheimer & Co. Inc. as the sole book-running manager, with Northland Capital Markets as lead manager and Ladenburg Thalmann & Co. Inc. and Lake Street Capital Markets as co-managers. The company plans to utilize the proceeds for working capital, general corporate purposes, and potential strategic transactions, including acquisitions, joint ventures, or technology investments.
Ondas Holdings (NASDAQ:ONDS) ha completato con successo un'importante offerta pubblica, raccogliendo circa 163 milioni di dollari netti. L'offerta ha incluso 53.084.000 azioni ordinarie, comprensive dell'esercizio integrale dell'opzione di over鈥慳llotment dell'underwriter pari a 6.924.000 azioni.
L'operazione 猫 stata gestita in qualit脿 di unico book鈥憆unning manager da Oppenheimer & Co. Inc., con Northland Capital Markets come lead manager e Ladenburg Thalmann & Co. Inc. e Lake Street Capital Markets come co鈥憁anager. La societ脿 destiner脿 i proventi al capitale circolante, a finalit脿 aziendali generali e a possibili operazioni strategiche, come acquisizioni, joint venture o investimenti tecnologici.
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Ondas Holdings (NASDAQ:ONDS) a finalis茅 avec succ猫s une importante offre publique, levant environ 163 millions de dollars de produit net. L'offre comprenait 53 084 000 actions ordinaires, incluant l'exercice int茅gral de l'option de surallocation du teneur de livre de 6 924 000 actions.
L'op茅ration a 茅t茅 men茅e par Oppenheimer & Co. Inc. en tant que unique book鈥憆unning manager, avec Northland Capital Markets en tant que lead manager et Ladenburg Thalmann & Co. Inc. et Lake Street Capital Markets en tant que co鈥憁anagers. La soci茅t茅 pr茅voit d'affecter les fonds au fonds de roulement, 脿 des besoins g茅n茅raux de l'entreprise et 脿 d'茅ventuelles op茅rations strat茅giques, telles que des acquisitions, des coentreprises ou des investissements technologiques.
Ondas Holdings (NASDAQ:ONDS) hat eine bedeutende 枚ffentliche Platzierung erfolgreich abgeschlossen und dabei rund 163 Millionen US-Dollar an Nettoerl枚sen erzielt. Die Platzierung umfasste 53.084.000 Stammaktien, einschlie脽lich der vollst盲ndigen Aus眉bung der Mehrzuteilungsoption des Konsortialf眉hrers 眉ber 6.924.000 Aktien.
Die Transaktion wurde von Oppenheimer & Co. Inc. als alleinigem Book鈥憆unning Manager gef眉hrt, Northland Capital Markets fungierte als Lead鈥慚anager, Ladenburg Thalmann & Co. Inc. und Lake Street Capital Markets als Co鈥慚anager. Das Unternehmen will die Erl枚se f眉r das Working Capital, allgemeine Unternehmenszwecke und m枚gliche strategische Transaktionen wie 脺bernahmen, Joint Ventures oder Technologieinvestitionen verwenden.
- Successfully raised $163 million in net proceeds through public offering
- Full exercise of over-allotment option by underwriters indicates strong demand
- Strengthened balance sheet provides flexibility for strategic growth opportunities
- Significant dilution for existing shareholders due to large share issuance
- No specific allocation plan detailed for the use of proceeds
Insights
Ondas Holdings secured $163M in net proceeds through a substantial stock offering, significantly strengthening its financial position for growth initiatives.
Ondas Holdings has successfully closed a
This capital raise represents a substantial financial reinforcement for Ondas, which provides industrial wireless networks and commercial drone solutions. The size of this offering is particularly significant when considering the company's market position, as it provides Ondas with considerable financial flexibility.
Management has indicated the proceeds will fund three strategic priorities: working capital needs, general corporate purposes, and potential strategic transactions including acquisitions, joint ventures, or technology investments. This signals a clear intent to accelerate growth through both organic expansion and M&A activity.
The involvement of multiple financial institutions in the offering鈥擮ppenheimer as the book-runner, with Northland Capital, Ladenburg Thalmann, and Lake Street Capital as supporting managers鈥攄emonstrates broad institutional support for Ondas' growth strategy. The full exercise of the overallotment option further validates institutional confidence in the company's prospects.
This significant capital injection positions Ondas to potentially consolidate its position in the industrial wireless networks and drone solutions markets, while providing a substantial cushion for operational expenses as the company pursues growth initiatives. The successful execution of this offering strengthens Ondas' financial foundation at a critical time for expansion in the industrial IoT and autonomous systems sectors.
BOSTON, MASSACHUSETTS / / August 15, 2025 / (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 the closing of its underwritten public offering of 53,084,000 shares of its common stock, which includes 6,924,000 shares of common stock sold pursuant to the exercise in full by the underwriter of their over-allotment option. Ondas estimates net proceeds from the offering to be approximately
Ondas intends to use the net proceeds of the offering for working capital, general corporate purposes and potential strategic transactions, including acquisitions of businesses or assets, joint ventures or investments in businesses, products or technologies.
Oppenheimer & Co. Inc. acted as the sole book-running manager. Northland Capital Markets acted as the lead manager for the offering. Ladenburg Thalmann & Co. Inc. and Lake Street Capital Markets, LLC acted as co-managers for the offering.
Akerman LLP served as legal counsel to Ondas and Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. served as legal counsel to the underwriters.
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 final prospectus supplement and accompanying prospectus describing the terms of the offering has been filed with the SEC. Copies of the final prospectus supplement and the accompanying prospectus relating to the shares being offered may also be obtained 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 prospectus are also available on the SEC's website at .
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, these shares, nor will there be any sale of these shares in any state or other jurisdiction in which such offer, solicitation or sale is not permitted.
Forward-Looking Statements
Statements made in this release that are not statements of historical or current facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the intended use of net proceeds from the offering. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties relate, among other things, to fluctuations in our stock price and changes in market conditions. Our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including the risks discussed under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date, except as required by law.
Contacts
IR Contact for Ondas Holdings Inc.
888.350.9994
[email protected]
Media Contact for Ondas
Escalate PR
[email protected]
Preston Grimes
Marketing Manager, Ondas Holdings Inc.
[email protected]
SOURCE: Ondas Holdings Inc.
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