New York, January 14, 2026, 19:29 (EST) — After-hours trading
Ondas Holdings Inc shares fell roughly 2.6% to $13.56 in after-hours trading Wednesday, after moving between $12.92 and $14.10 earlier on heavy volume.
The stock remains in focus after ETF issuer Tradr ETFs introduced a single-stock leveraged fund linked to Ondas — the Tradr 2X Long ONDS Daily ETF (ONDU) — designed to deliver twice the stock’s daily moves. “This newest suite of funds touches on some hot button themes … namely drone technology and rare earth resources,” said Matt Markiewicz, Tradr’s head of product and capital markets. The firm also launched similar leveraged ETFs connected to Critical Metals, UiPath, and USA Rare Earth. PR Newswire
The product launch comes as Ondas wraps up a roughly $1 billion stock-and-warrant financing, adding a substantial block of potential shares to its capital structure. The company reported net proceeds of about $959.2 million from the deal, which involved common stock and pre-funded warrants sold alongside common stock warrants. Ondas said it intends to use the funds for corporate development and strategic growth, targeting acquisitions and investments.
A separate securities filing laid out the deal: 19 million shares alongside pre-funded warrants to purchase roughly 41.79 million shares. These come with warrants allowing buyers to snag two shares for every single share (or warrant) sold. According to the filing, the common warrants have a $28.00 exercise price and will expire seven years after issuance.
Pre-funded warrants require buyers to pay nearly the entire purchase price upfront, with only a small exercise price due upon conversion. Regular warrants, on the other hand, simply give holders the option to buy shares later at a fixed price.
Leveraged ETFs are designed for short-term trading, not long-term holding. The SEC staff has cautioned that returns over periods longer than a single day can deviate significantly from the daily target, risking sudden losses—particularly with volatile stocks.
Ondas faces a volatile outlook due to its blend of new leverage products and a complicated financing setup. The risk is straightforward: should liquidity dry up or the upcoming company update disappoint, quick gains could swiftly reverse as fast money pulls out.
Ondas is set to hold its OAS investor day on Friday at 10:00 a.m. ET, where it will roll out an update on its 2026 business plan, capital allocation framework, and outlook. The event will wrap with a management Q&A.
