other_material
confidence high
sentiment negative
materiality 0.75
Ondas closes $42.8M public offering of common stock and pre-funded warrants at $1.25 per share
Ondas Inc.
- Sold 27.2M common shares and 9.6M pre-funded warrants at $1.25/share; net proceeds ~$42.8M.
- Underwriters' overallotment option (4.8M shares) exercised in full; offering upsized from initial $40M.
- Proceeds to be used for general corporate purposes, including capital expenditures and working capital.
- Oppenheimer & Co. Inc. acted as sole underwriter; offering closed on June 11, 2025.
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