Ondas (ONDS) stock slips after $1 billion deal closes as traders eye dilution and Jan. 16 Investor Day
Ondas Holdings shares fell 5.3% to $13.16 after closing a $1 billion stock-and-warrant financing, netting about $959 million. The deal issued 60.79 million common stock equivalents and warrants for 121.58 million shares at a $28 strike price. Tradr ETFs launched a 2x leveraged ETF tracking Ondas’ daily moves. Stifel raised its price target on Ondas to $17.