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, totaling approximately $173 million.
Net proceeds from the offering are estimated to be around $163 million after deducting underwriting discounts and expenses.
Offering Details
53,084,000 shares of common stock were offered, including the full exercise of the overallotment option.
Net Proceeds
Approximately $163 million in net proceeds are expected from the offering.
Intended Use of Proceeds
The net proceeds will be utilized for working capital, general corporate purposes, and potential strategic transactions.
- The successful closing of the public offering provides Ondas Holdings Inc. with substantial funds for operational activities and potential investments.
- The strong investor interest, as evidenced by the full exercise of the overallotment option, reflects confidence in Ondas' business and growth prospects.
Ondas Holdings Inc.'s successful closing of the $173 million public offering marks a significant milestone for the company, strengthening its financial position and capacity for future strategic moves in the market.