Ondas Holdings priced a $425 million share and warrant offering set to close Oct. 7, 2025, to fund growth initiatives.

Ondas Holdings Inc. has priced a $425 million offering of 19.6 million common shares and pre-funded warrants for up to 17.4 million shares, with each unit accompanied by a warrant to buy two shares, priced at $11.50—16% above the October 3, 2025 closing price. Pre-funded warrants are immediately exercisable at $0.0001 and expire in seven years; common stock warrants, with a $20.00 exercise price, require shareholder approval to be exercised and expire after seven years. The offering, expected to close on October 7, 2025, is led by Oppenheimer & Co. Inc. with Stifel as co-manager. Proceeds will fund corporate development, including acquisitions and joint ventures. If all warrants are exercised, up to $1.5 billion in additional proceeds could be raised. The registration statement became effective September 9, 2025.