Ondas prices 46.2M shares at $3.25 in upsized public offering

Ondas (ONDS) Holdings priced its underwritten public offering of 46,160,000 shares of its common stock. The public offering price of each share of common stock is $3.25. Ondas expects the gross proceeds from this offering to be $150 million, before deducting the underwriting discount and other estimated offering expenses. Ondas intends to use the net proceeds from this 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. Ondas has granted the underwriters a 30-day option to purchase up to 6,924,000 additional shares of its common stock. Ondas expects to close the offering, subject to the satisfaction of customary conditions, on or about August 14, 2025. Oppenheimer & Co. Inc. is acting as the sole book-running manager. Northland Capital Markets is acting as the lead manager for the offering. Ladenburg Thalmann & Co. Inc. and Lake Street Capital Markets are acting as co-managers for the offering.