Ondas (ONDS) stock slips after SEC filing details $1 billion stock-and-warrant deal; what to watch next
Ondas Holdings shares dropped 3.4% to $13.22 early Monday after the company disclosed a $1 billion stock-and-warrant sale expected to close near Jan. 12, with net proceeds of about $959.2 million. The offering includes 19 million shares, pre-funded warrants for 41.79 million shares, and common warrants for 121.58 million shares. Investors await management updates on Jan. 14 and Jan. 16.