Futures slip, bank earnings ahead, Powell to speak - what’s moving markets
BOSTON - Ondas Holdings Inc. (NASDAQ:ONDS), whose stock has surged over 1,100% in the past year according to InvestingPro data, has closed an underwritten offering that raised approximately $407.2 million in net proceeds, the company announced Tuesday. With a current market capitalization of $3.57 billion, this capital raise represents a significant move for the company.
The offering consisted of 19,560,000 shares of common stock and pre-funded warrants to purchase up to 17,400,000 shares, for a total of 36,960,000 common stock equivalents. Each was accompanied by warrants to purchase two additional shares of common stock, totaling potential warrants for 73,920,000 shares. InvestingPro analysis shows the stock is currently trading near its 52-week high, with 14 additional exclusive insights available to subscribers.
The offering was priced at $11.50 per common stock equivalent, representing a 16% premium to Ondas’ closing stock price on October 3 and a 65% premium to its one-month volume-weighted average price.
If all common stock warrants are fully exercised at their $20.00 per share exercise price, the company could potentially raise approximately $1.5 billion in additional gross proceeds. However, these warrants cannot be exercised until stockholder approval is obtained to increase authorized shares.
Ondas, which provides autonomous aerial and ground robot intelligence and private wireless solutions, intends to use the proceeds for "corporate development and strategic growth, including acquisitions, joint ventures and investments," according to the press release. InvestingPro data indicates the company maintains a healthy current ratio of 2.9 and operates with moderate debt levels, suggesting financial flexibility for its strategic initiatives. For detailed analysis of Ondas’ growth potential and financial health, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
Oppenheimer & Co. Inc. served as lead book-running manager for the offering, with Stifel acting as passive book-running manager. Several firms including Needham & Company and Maxim Group LLC acted as co-managers.
The offering was conducted under an automatic shelf registration statement filed with the Securities and Exchange Commission on September 9, 2025.
In other recent news, Ondas Holdings Inc. has completed its acquisition of a majority interest in Smart Precision Optics S.P.O LTD., purchasing 51% of the company’s share capital for approximately $5.95 million. This acquisition marks a strategic move for Ondas as it expands its technological capabilities. Additionally, Ondas Holdings has placed an initial order of 500 Wåsp drones from Rift Dynamics to be distributed through its American Robotics subsidiary, targeting the U.S. defense market. The drones are designed to meet the U.S. Department of War’s requirements for cost-effective strike and defense platforms.
In a related development, H.C. Wainwright initiated coverage of Ondas Holdings with a Buy rating and a $12 price target. This suggests a positive outlook from the research firm on Ondas’ future performance. Furthermore, Brigadier General Patrick Huston, U.S. Army (ret.), has joined the advisory board of Ondas Autonomous Systems, bringing extensive military experience to the company. These recent developments reflect Ondas Holdings’ strategic advancements in both acquisitions and defense market initiatives.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.