Ondas Holdings Inc. announced the closing of its underwritten public offering of 53,084,000 shares of common stock.
The net proceeds from the offering are estimated to be approximately $163 million after deducting underwriting discounts and commissions.
The company intends to use the net proceeds for working capital, general corporate purposes, and potential strategic transactions.
Public Offering Details
53,084,000 shares of common stock were offered with estimated net proceeds of $163 million after expenses.
Use of Proceeds
The funds will be utilized for working capital, general corporate purposes, and potential strategic transactions.
Underwriter Information
Oppenheimer & Co. Inc. acted as the sole book-running manager for the offering.
- The successful closing of the $173 million public offering indicates investor confidence in Ondas Holdings Inc.
- The funds raised will support the company's growth strategies and potential future acquisitions or investments.
Ondas Holdings Inc. successfully closed a significant public offering, positioning the company for future growth and strategic initiatives.