Ondas Holdings Inc. Announces Closing of $173 Million Public Offering Including Full Exercise of Overallotment Option

Rhea-AI Summary

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.

Positive

• 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

Negative

• Significant dilution for existing shareholders due to large share issuance
• No specific allocation plan detailed for the use of proceeds

Insights

Investment Banking Analyst

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 $173 million public offering, raising approximately $163 million in net proceeds after expenses. The offering included 53,084,000 shares of common stock, with the underwriters exercising their full overallotment option of 6,924,000 additional shares—indicating strong demand from institutional investors.

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—Oppenheimer as the book-runner, with Northland Capital, Ladenburg Thalmann, and Lake Street Capital as supporting managers—demonstrates 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 / ACCESS Newswire / August 15, 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 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 $163 million, after deducting underwriting discounts and commissions and estimated offering expenses.

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 EquityProspectus@opco.com. Electronic copies of the final prospectus supplement and accompanying prospectus are also available on the SEC's website at http://www.sec.gov.

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
ir@ondas.com

Media Contact for Ondas
Escalate PR
ondas@escalatepr.com

Preston Grimes
Marketing Manager, Ondas Holdings Inc.
Preston.grimes@ondas.com

SOURCE: Ondas Holdings Inc.

View the original press release on ACCESS Newswire

FAQ

How much did Ondas Holdings (ONDS) raise in its August 2025 public offering?

Ondas Holdings raised approximately $163 million in net proceeds after deducting underwriting discounts, commissions, and estimated offering expenses.

How many shares were issued in the Ondas Holdings (ONDS) 2025 public offering?

Ondas Holdings issued 53,084,000 shares of common stock, including 6,924,000 shares from the full exercise of the underwriter's over-allotment option.

What will Ondas Holdings (ONDS) use the public offering proceeds for?

The proceeds will be used for working capital, general corporate purposes, and potential strategic transactions, including acquisitions, joint ventures, or investments in businesses, products, or technologies.

Who were the underwriters for Ondas Holdings' 2025 public offering?

Oppenheimer & Co. Inc. served 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.