Ondas Holdings Inc. Prices $200 Million Offering of Common Stock

Rhea-AI Summary

Ondas Holdings Inc. (NASDAQ:ONDS) has announced the pricing of its significant underwritten public offering of 40 million shares of common stock at $5.00 per share, expected to generate gross proceeds of $200 million.

The offering, expected to close around September 10, 2025, includes a 30-day option for underwriters to purchase up to 6 million additional shares. Oppenheimer & Co. Inc. leads as book-running manager, with Stifel as joint book-runner. The company plans to use the proceeds for corporate development and strategic growth initiatives, including acquisitions, joint ventures, and investments.

Positive

• Substantial capital raise of $200 million to fund strategic growth initiatives
• Strong underwriting support from multiple financial institutions
• 30-day option for additional $30 million through 6 million share purchase option

Negative

• Significant dilution for existing shareholders with 40 million new shares being issued
• 5.00 per share offering price may represent a discount to market price

Insights

Capital Markets Analyst

Ondas' $200M stock offering significantly strengthens balance sheet while creating substantial dilution for existing shareholders.

Ondas Holdings has priced a substantial $200 million common stock offering at $5.00 per share, issuing 40 million new shares with potential for 6 million additional shares through underwriter options. This capital raise represents a major financial development for this aerial and ground robotics technology company.

The size of this offering is particularly noteworthy relative to Ondas' market profile. With the proceeds earmarked for "corporate development and strategic growth, including acquisitions, joint ventures, and investments," management is clearly positioning for aggressive expansion rather than merely strengthening the balance sheet or funding operations.

The involvement of multiple investment banks led by Oppenheimer and Stifel signals institutional support for this capital raise. However, existing shareholders should recognize the significant dilution this offering creates, as 40 million new shares represents substantial ownership distribution.

The pricing at $5.00 per share provides a clear market valuation benchmark. The successful execution of this offering suggests investor confidence in management's ability to deploy this capital effectively, though the true impact will depend entirely on how productively these funds are invested in the autonomous systems and wireless communications markets Ondas serves.

While this infusion provides strategic flexibility for Ondas to pursue growth opportunities, investors should carefully monitor the company's deployment of these funds against its stated acquisition and investment objectives in coming quarters.

BOSTON, MASSACHUSETTS / ACCESS Newswire / September 9, 2025 / Ondas Holdings Inc. (NASDAQ:ONDS) ("Ondas" or the "Company"), a leading provider of autonomous aerial and ground robot intelligence and private wireless solutions through its business units Ondas Autonomous Systems (OAS) and Ondas Networks, today announced that it has priced its underwritten offering of 40,000,000 shares of its common stock. The offering price of each share of common stock is $5.00. Ondas expects the gross proceeds from this offering to be $200 million, before deducting the underwriting discount and other estimated offering expenses. Ondas intends to use the net proceeds from this offering for corporate development and strategic growth, including acquisitions, joint ventures, and investments. Ondas has granted the underwriters a 30-day option to purchase up to 6,000,000 additional shares of its common stock. Ondas expects to close the offering, subject to the satisfaction of customary conditions, on or about September 10, 2025.

Oppenheimer & Co. Inc. is acting as the lead book-running manager for the offering. Stifel is acting as the joint book-running manager for the offering. Maxim Group LLC, Northland Capital Markets, Ladenburg Thalmann & Co. Inc. and Lake Street Capital Markets, LLC are acting as co-managers for the offering.

An automatic shelf registration statement on Form S-3ASR (File No. 333-290121) relating to the shares of common stock to be issued in the offering was filed with the Securities and Exchange Commission ("SEC") and was automatically effective upon filing on September 9, 2025. A prospectus supplement and accompanying prospectus describing the terms of the offering will be filed with the SEC. Copies of the final prospectus supplement and the accompanying prospectus relating to the shares 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 EquityProspectus@opco.com; or from Stifel, Nicolaus & Company, Incorporated, Attention: Prospectus Department, One Montgomery Street, Suite 3700, San Francisco, California 94104, or by telephone at (415) 364-2720 or by email at syndprospectus@stifel.com.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the shares, nor will there be any sale of the 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 expected timing or completion of the offering, the expected gross proceeds therefrom and the intended use of net proceeds therefrom. 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, changes in market conditions and satisfaction of customary closing conditions related to the offering. 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. There can be no assurance that we will be able to complete the offering on the anticipated terms or at all. 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

What is the size and price of Ondas Holdings (NASDAQ:ONDS) stock offering in September 2025?

Ondas Holdings is offering 40 million shares of common stock priced at $5.00 per share, aiming to raise $200 million in gross proceeds.

How will Ondas Holdings (ONDS) use the proceeds from its $200M stock offering?

Ondas plans to use the net proceeds for corporate development and strategic growth, including acquisitions, joint ventures, and investments.

Who are the underwriters for Ondas Holdings' September 2025 stock offering?

Oppenheimer & Co. Inc. is the lead book-running manager, with Stifel as joint book-runner. Maxim Group, Northland Capital Markets, Ladenburg Thalmann, and Lake Street Capital Markets are co-managers.

When will Ondas Holdings' (NASDAQ:ONDS) $200M stock offering close?

The offering is expected to close on or about September 10, 2025, subject to customary closing conditions.

What is the underwriters' option in Ondas Holdings' stock offering?

Underwriters have a 30-day option to purchase up to 6 million additional shares of common stock.