Ondas Holdings Closes $1 Billion Registered Direct Offering of Common Stock and Warrants.

Ondas Holdings Inc. has closed a $1 billion offering, selling 60.79 million common stock equivalents and warrants to purchase up to 121.58 million shares of common stock. The company estimates net proceeds of approximately $959.2 million and has the potential to raise an additional $3.4 billion if all warrants are exercised. Ondas plans to use the funds for corporate development and strategic growth, including acquisitions, joint ventures, and investments.