Ondas Holdings closes $173M public offering of 53.1M shares; net proceeds ~$163M

Ondas Inc.

Closed underwritten public offering of 53,084,000 shares for gross proceeds of $173M; overallotment option fully exercised.
Estimated net proceeds after underwriting discounts and expenses are approximately $163M.
Cash balance as of Aug 15, 2025, is ~$229M; shares outstanding total 274,499,489.
Proceeds to be used for working capital, general corporate purposes, and potential strategic transactions (M&A, JVs).
Oppenheimer & Co. acted as sole book-running manager; Northland Capital Markets as lead manager.

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