Ondas Holdings, a leading provider of autonomous aerial and ground robot intelligence and private wireless solutions through its business units Ondas Autonomous Systems (OAS) and Ondas Networks, today announced that it has priced its underwritten offering of 40,000,000 shares of its common stock.

The offering price of each share of common stock is $5.00. Ondas expects the gross proceeds from this offering to be $200 million, before deducting the underwriting discount and other estimated offering expenses.

Ondas shares sank 13% in premarket trading.

Ondas intends to use the net proceeds from this offering for corporate development and strategic growth, including acquisitions, joint ventures, and investments.

Ondas has granted the underwriters a 30-day option to purchase up to 6,000,000 additional shares of its common stock. Ondas expects to close the offering, subject to the satisfaction of customary conditions, on or about September 10, 2025.

Oppenheimer & Co. Inc. is acting as the lead book-running manager for the offering. Stifel is acting as the joint book-running manager for the offering. Maxim Group LLC, Northland Capital Markets, Ladenburg Thalmann & Co. Inc. and Lake Street Capital Markets, LLC are acting as co-managers for the offering.