Ondas Holdings Inc. announced the closing of its underwritten public offering of 53,084,000 shares of its common stock.
The offering includes the full exercise of the overallotment option, totaling approximately $173 million in net proceeds.
The company plans to utilize the funds for working capital, general corporate purposes, and potential strategic transactions.
Public Offering Details
53,084,000 shares of common stock were offered with an estimated net proceeds of $163 million.
Utilization of Funds
The net proceeds will be used for working capital, strategic transactions, acquisitions, and investments.
Underwriting Team
Oppenheimer & Co. Inc., Northland Capital Markets, Ladenburg Thalmann & Co. Inc., and Lake Street Capital Markets, LLC were part of the underwriting team.
- The successful closing of the public offering signifies investor confidence in Ondas Holdings Inc.'s growth prospects.
- The additional capital injection positions the company to pursue expansion opportunities and enhance its market presence.
Ondas Holdings Inc.'s successful public offering underscores its strategic financial planning and market positioning for future growth opportunities.