Ondas Holdings Inc. (ONDS) to Offer Common Stock

Ondas Holdings Inc. (NASDAQ: ONDS) announced that it intends to offer and sell shares of its common stock in an underwritten public offering. Ondas also expects to grant the underwriters a 30-day option to purchase additional shares of common stock offered in the public offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Ondas intends to use the net proceeds from the proposed offering for working capital and general corporate purposes.

Oppenheimer & Co. Inc. is acting as the sole book-running manager for the offering, and B. Riley Securities, Inc. is acting as the lead manager for the offering.

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