Ondas Holdings stock rises after-hours after $1 billion offering closes, with dilution and new filings in focus
Ondas Holdings shares rose 5.4% to $13.89 in after-hours trading Tuesday after announcing a $1 billion stock-and-warrant sale to an institutional investor. The deal includes 19 million shares and pre-funded warrants for up to 41.79 million shares, plus additional common stock warrants. Net proceeds are estimated at $959.2 million. Investors await further filings and management updates this week.