Ondas Holdings Inc. announced the closing of its underwritten public offering, including the full exercise of the overallotment option.
The offering consisted of 53,084,000 shares of common stock, with estimated net proceeds of approximately $163 million.
Proceeds from the offering will be utilized for working capital, general corporate purposes, and potential strategic transactions.
Offering Details
53,084,000 shares of common stock were offered, including the full exercise of the overallotment option.
Net Proceeds
Estimated net proceeds from the offering are approximately $163 million after deducting underwriting discounts and commissions.
Utilization of Funds
The net proceeds will be used for working capital, general corporate purposes, and potential strategic transactions.
- The closing of the public offering provides Ondas Holdings Inc. with substantial funds for future operations and strategic moves.
- The successful offering highlights investor confidence in the company's business model and growth prospects.
The successful closure of the $173 million public offering is a significant milestone for Ondas Holdings Inc., positioning the company for further growth and strategic initiatives.