Ondas Holdings Plunges 11.9% on Public Offering News

Ondas Holdings Inc. experienced a significant drop of 11.9% in pre-market trading on June 10, 2025, marking a notable decline in its stock performance.

Ondas Holdings Inc. recently announced a proposed public offering of common stock and pre-funded warrants. The company intends to use the net proceeds from this offering for general corporate purposes, including funding capital expenditures and providing working capital.

In a separate development, Ondas Holdings secured a $14.3 million order from a leading defense customer for its Optimus Drone Systems. This order highlights the company's growing presence in the defense sector and its ability to secure significant contracts.