Ondas Holdings Inc. announced the closing of its underwritten public offering of 53,084,000 shares of its common stock.
The offering included the full exercise of the overallotment option.
Net proceeds from the offering are estimated to be approximately $163 million.
Public Offering Details
Ondas offered 53,084,000 shares of its common stock, resulting in net proceeds of about $163 million.
Use of Proceeds
The company plans to use the net proceeds for working capital, general corporate purposes, and potential strategic transactions.
Underwriters
Oppenheimer & Co. Inc. acted as the sole book-running manager for the offering.
- The successful closing of the public offering indicates investor confidence in Ondas Holdings Inc.
- The additional funds will support the company's growth initiatives and potential strategic opportunities.
Ondas Holdings Inc. has successfully completed a $173 million public offering, strengthening its financial position and strategic flexibility for future endeavors.