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, resulting in estimated net proceeds of approximately $163 million.
Proceeds will be used for working capital, general corporate purposes, and potential strategic transactions.
Public Offering Details
53,084,000 shares of common stock sold with estimated net proceeds of $163 million.
Intended Use of Proceeds
Working capital, general corporate purposes, and potential strategic transactions.
Underwriters
Oppenheimer & Co. Inc. as sole book-running manager, Northland Capital Markets as lead manager, and others as co-managers.
- The closing of the public offering signifies the Company's successful fundraising for future operations and strategic initiatives.
- The inclusion of the overallotment option indicates strong investor interest in Ondas Holdings Inc.
- Proceeds from the offering provide financial flexibility for potential acquisitions or investments.
Ondas Holdings Inc.'s successful public offering and the full exercise of the overallotment option demonstrate investor confidence in the Company's future growth prospects and strategic direction.