Ondas (ONDS) stock slides in heavy trade as Networks unit funding deal sinks in
Ondas Inc shares fell 5.2% to $11.54 in Monday morning trading after a recent SEC filing showed its Ondas Networks unit raised $8.4 million in Series B preferred stock, mostly funded by the parent company. The stock saw heavy volume and a 6% price swing as investors weighed the financing’s impact and awaited updates ahead of a defense conference starting Jan. 27.