Ondas Holdings Inc. successfully closed a public offering of 53,084,000 shares of its common stock.
The offering included the full exercise of the overallotment option, resulting in estimated net proceeds of $163 million.
The company plans to utilize the proceeds for working capital, corporate purposes, and potential strategic transactions.
Public Offering Success
Offering closed with strong investor interest and full overallotment option exercised.
Utilization of Proceeds
Funds to be used for working capital, corporate purposes, and potential strategic transactions.
Key Partnerships
Notable firms such as Oppenheimer & Co. Inc., Northland Capital Markets, Ladenburg Thalmann & Co. Inc., and Lake Street Capital Markets, LLC were involved in the offering.
- The successful offering indicates investor confidence in Ondas Holdings Inc.'s growth prospects.
- Proceeds earmarked for strategic initiatives may drive further expansion and innovation within the company.
The closure of the $173 million public offering marks a significant milestone for Ondas Holdings Inc., positioning the company for future growth and strategic endeavors.