Ondas Holdings Inc. (ONDS) Stock Plummets 11% Following $200M Equity Offering

Ondas Holdings Inc. shares tumbled 11.13% to $5.39 after announcing a $200 million public offering priced at $5 per share. The deal, underwritten by Oppenheimer and Stifel, introduces significant dilution with 40 million new shares and a 6 million-share greenshoe option.

Market reaction was sharply negative as investors weighed the capital raise against near-term dilution. The offering's size—representing nearly 30% of Ondas' $700 million market cap before the drop—signals aggressive growth ambitions but rattled shareholder confidence.

Proceeds are earmarked for expansion, though the timing raises questions. Coming during a period of sector-wide volatility, the MOVE highlights the delicate balance between funding growth and maintaining investor trust in emerging tech firms.