Ondas holdings inc. announces closing of $46 million public offering including full exercise of overallotment option

Boston, ma / access newswire / june 11, 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 (i) 27,200,000 shares of its common stock, which includes 4,800,000 shares of common stock sold pursuant to the exercise in full by the underwriter of their over-allotment option, and (ii) in lieu of common stock, pre-funded warrants to purchase up to 9,600,000 shares of its common stock, at an exercise price of $0.0001 per share. ondas estimates net proceeds from the offering to be approximately $42.8 million, after deducting underwriting discounts and commissions and estimated offering expenses, and excluding any proceeds that may be received from the exercise of the pre-funded warrants.
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