Ondas Holdings Inc. Prices Upsized $150 Million Public Offering of Common Stock

Rhea-AI Summary

Ondas Holdings (NASDAQ:ONDS) has priced its upsized public offering of 46,160,000 shares of common stock at $3.25 per share, expecting to raise $150 million in gross proceeds. The company has granted underwriters a 30-day option to purchase up to 6,924,000 additional shares.

The offering, expected to close around August 14, 2025, is being managed by Oppenheimer & Co. Inc. as the sole book-running manager, with Northland Capital Markets as lead manager. The net proceeds will be used for working capital, general corporate purposes, and potential strategic transactions, including acquisitions, joint ventures, or technology investments.

Positive

• Expected gross proceeds of $150 million to strengthen company's financial position
• Potential for strategic growth through acquisitions, joint ventures, and technology investments
• Additional flexibility through 30-day option for underwriters to purchase 6.9M more shares

Negative

• Significant dilution for existing shareholders with 46.16M new shares being issued
• Share price set at $3.25 indicates potential discount to market price
• No specific allocation plan for the proceeds beyond general corporate purposes

Insights

Capital Markets Specialist

Ondas secures substantial $150M capital infusion, strengthening balance sheet while significantly diluting existing shareholders.

Ondas Holdings has successfully priced an upsized $150 million public offering, selling 46,160,000 shares at $3.25 per share. This capital raise represents a substantial financial maneuver for the industrial wireless network and drone solutions provider.

The size of this offering is particularly noteworthy when examining its impact on Ondas's capital structure. With 46.16 million new shares being issued (potentially expanding to 53.08 million if underwriters exercise their 30-day option for additional shares), existing shareholders face significant dilution. The offering demonstrates strong institutional interest, with Oppenheimer serving as sole book-runner alongside several co-managers.

The company's stated use of proceeds - working capital, general corporate purposes, and potential strategic transactions - suggests a multi-faceted approach to deploying this capital. The specific mention of potential acquisitions, joint ventures, and technology investments indicates Ondas is positioning itself for expansion rather than merely shoring up its balance sheet.

While the fresh capital provides Ondas with enhanced financial flexibility and potential growth opportunities, investors should note the substantial dilution this offering creates. The transaction is expected to close promptly (August 14, 2025), suggesting confidence in market reception. This capital infusion could accelerate Ondas's development in the industrial wireless networks and commercial drone sectors, potentially transforming its competitive positioning if deployed effectively toward strategic acquisitions.

BOSTON, MASSACHUSETTS / ACCESS Newswire / August 13, 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 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, LLC are acting as co-managers 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 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. Electronic copies of the final prospectus supplement and accompanying prospectus will also be 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, 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 public 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 public 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 (ONDS) public offering in August 2025?

Ondas Holdings priced its public offering at $3.25 per share for 46,160,000 shares of common stock, aiming to raise $150 million in gross proceeds.

How will Ondas Holdings (ONDS) use the proceeds from its $150M offering?

Ondas plans to use the net proceeds for working capital, general corporate purposes, and potential strategic transactions, including acquisitions of businesses or assets, joint ventures, and investments in technologies.

Who are the underwriters for Ondas Holdings' August 2025 public offering?

Oppenheimer & Co. Inc. is acting as the sole book-running manager, Northland Capital Markets as lead manager, and Ladenburg Thalmann & Co. Inc. and Lake Street Capital Markets, LLC as co-managers.

When will Ondas Holdings' (ONDS) $150M public offering close?

The offering is expected to close on or about August 14, 2025, subject to customary closing conditions.

What additional share purchase options are available to the underwriters?

Ondas has granted the underwriters a 30-day option to purchase up to 6,924,000 additional shares of common stock.