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BOSTON - Ondas Holdings Inc. (NASDAQ:ONDS), a provider of private industrial wireless networks and commercial drone and automated data solutions, has announced its plans to conduct a public offering of its common stock and pre-funded warrants. The announcement comes as the company’s stock has shown significant momentum, with a 109% surge over the past six months, though InvestingPro data indicates the stock is currently trading above its Fair Value. The company will also grant the underwriter, Oppenheimer & Co. Inc., a 30-day option to purchase additional shares. The timing and completion of the offering are subject to market conditions, and no assurance can be given regarding the final terms or successful completion.
The proceeds from the offering are intended for general corporate purposes, including capital expenditures and working capital. This capital raise comes at a crucial time, as InvestingPro analysis reveals the company’s current ratio of 0.86 indicates short-term obligations exceed liquid assets. The securities in this offering will be sold by Ondas, with the terms to be detailed in a final prospectus supplement to be filed with the Securities and Exchange Commission (SEC).
A shelf registration statement relating to the securities was filed on April 18, 2025, and became effective on April 25, 2025. The offering is made only by means of a prospectus and related prospectus supplement, which are obtainable from Oppenheimer & Co. Inc. or the SEC’s website.
This announcement comes amidst a landscape where companies often use public offerings to raise capital for expansion and operational needs. Ondas’ decision to sell securities directly aligns with common practices for corporate fundraising.
The press release includes forward-looking statements, cautioning that such statements are not guarantees of future performance and are subject to risks and uncertainties. These include market fluctuations, changes in market conditions, and the satisfaction of customary closing conditions for the public offering.
Investors and the market will be watching closely to see the outcome of Ondas’ proposed offering, as it is an indicator of both the company’s financial strategy and the market’s appetite for such securities. With a market capitalization of $236 million and analysts forecasting sales growth for the current year, the offering’s success could be crucial for the company’s future. For deeper insights into Ondas’ financial health and growth prospects, investors can access comprehensive analysis and 16 additional ProTips through InvestingPro’s detailed research reports, available for over 1,400 US stocks.
In other recent news, Ondas Holdings Inc. reported a significant increase in revenue for the first quarter of 2025, with figures rising 500% year-over-year to $4.2 million. Despite this growth, the company fell short of its revenue forecast of $5.06 million. Additionally, Ondas announced a substantial $14.3 million purchase order from a major defense customer for its Optimus System, marking the largest order to date for this autonomous drone platform. This order has boosted Ondas’ revenue backlog to $28.7 million, reflecting growing market adoption of its drone systems.
Furthermore, Ondas Holdings has settled its December 31, 2024, Additional Notes, reducing its outstanding debt to approximately $12.3 million as of May 30, 2025. In other developments, Ondas received a notification from The Nasdaq Stock Market regarding non-compliance with the minimum bid price requirement, with a deadline of November 12, 2025, to regain compliance. Lastly, the company continues to explore strategic partnerships and new customer programs, particularly in defense and homeland security sectors, to drive future growth.
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