Ondas Holdings announces public offering of common stock

BOSTON - Ondas Holdings Inc. (NASDAQ:ONDS), whose stock has surged over 33% year-to-date and reached near its 52-week high according to InvestingPro data, announced Tuesday its intention to offer and sell shares of its common stock in a public offering. The company, currently valued at approximately $741 million, trades with notably high price volatility. The industrial wireless networks and commercial drone solutions provider plans to grant underwriters a 30-day option to purchase additional shares.

The company stated it will use net proceeds from the offering for working capital, general corporate purposes, and potential strategic transactions, including acquisitions, joint ventures, or technology investments. This capital raise comes as InvestingPro data shows Ondas operating with a current ratio of 0.86, indicating its short-term obligations exceed liquid assets.

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

Ondas filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission on April 18, 2025, which was declared effective on April 25, 2025. A preliminary prospectus supplement and accompanying prospectus will be filed with the SEC.

The company noted that the offering is subject to market conditions, with no assurance regarding its completion, timing, size, or terms. All shares in the proposed offering will be sold by Ondas.

This announcement comes from a press release issued by the company, which stated that the offering does not constitute an offer to sell or solicitation to buy shares in any state or jurisdiction where such offer or sale is not permitted. For investors seeking deeper insights, InvestingPro offers comprehensive analysis of Ondas Holdings, including 17+ additional ProTips and a detailed Pro Research Report, helping you make informed investment decisions with professional-grade metrics and expert analysis.

In other recent news, Ondas Holdings Inc. reported its Q2 2025 earnings, highlighting a substantial revenue increase to $6.3 million, which marks a sixfold rise compared to the previous year. The company’s earnings per share (EPS) came in at -$0.08, beating the forecasted EPS of -$0.10. This performance was attributed to robust demand for Ondas’ autonomous drone platforms and strategic partnerships. Analysts have taken note of these developments, although specific upgrades or downgrades were not mentioned. The earnings results are seen as a positive indicator of the company’s current trajectory. These recent developments offer investors insight into Ondas Holdings’ financial health and market position.

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