Ondas Holdings Inc. announced the closing of a $1 billion offering of common stock and pre-funded warrants to an institutional investor.
The offering included 60,790,274 Common Stock Equivalents and warrants for a total of 121,580,548 shares.
The net proceeds from the offering are estimated to be approximately $959.2 million, with a potential for an additional $3.4 billion if warrants are fully exercised.
Offering Details
19,000,000 shares of common stock and pre-funded warrants were sold to an institutional investor.
Use of Proceeds
Ondas intends to use the net proceeds for corporate development, strategic growth, acquisitions, joint ventures, and investments.
Placement Agents
Oppenheimer & Co. Inc. acted as the lead placement agent for the offering.
- The offering provides Ondas Holdings Inc. with significant capital to support its growth and strategic initiatives.
- The premium pricing above-the-market indicates investor confidence in Ondas' future prospects.
The successful closing of the $1 billion offering reflects investor interest in Ondas' business and its growth strategy.