NEW YORK, January 23, 2026, 11:05 (ET) — Regular session
- Ondas shares slipped roughly 3% by late morning, bouncing between $12.04 and $12.85 throughout the session.
- The SEC filed a new prospectus supplement detailing a possible resale of 1.62 million shares linked to the Sentry CS transaction.
- Investors await signs of further selling and the company’s update on March results.
Ondas Inc shares slipped 2.9% to $12.26 in late-morning trading on Friday, following a filing revealing a resale registration that might flood the market with additional shares. Roughly 30 million shares exchanged hands, with the stock bouncing between $12.04 and $12.85.
The paperwork is significant as Ondas quickly turned into a hot stock this January, experiencing sharp swings on heavy volume. Fresh supply can dampen a rally, even if it comes from current holders unloading shares, not from the company issuing new ones.
Ondas filed to register 1,622,607 shares for resale by shareholders who got stock through its Sentry CS Ltd acquisition. Proceeds from these sales will go directly to the selling shareholders, not to Ondas. The prospectus supplement, an SEC filing for share registration, also outlines daily volume limits in the purchase agreement, capping total sales at 10% of the average daily trading volume over the last 10 trading days.
Earlier this month, Ondas raised its revenue forecast for 2026 to a range between $170 million and $180 million, also releasing preliminary revenue estimates for late 2025. The company highlighted a year-end backlog of $65.3 million. Ondas plans to announce its 2025 results in March, cautioning that these preliminary numbers have yet to be audited.
The company reshaped its balance sheet with a $1 billion registered direct offering that closed on Jan. 12. This included common stock, pre-funded warrants, and common stock warrants, bringing in estimated net proceeds of roughly $959.2 million. The warrants have a $28 exercise price and a seven-year term, the company noted, highlighting a possible dilution risk if exercised.
Analysts have been digging deeper into the story lately. Stifel’s Jonathan Siegmann bumped his price target to $18, noting Ondas’ goals were “nicely above our estimates” and expressing a “greater appreciation” for the company’s unique take on the military drone market. Lake Street followed suit, raising its target to $19 based on Ondas’ refreshed outlook and longer-term projections. TipRanks
Still, a resale registration could weigh on the stock if holders rush to lock in profits after recent volatility. Investors are watching closely to see if Ondas can convert its ambitious targets into actual signed orders, and if early revenue and backlog numbers stand firm once audited results come out.
Traders are keeping an eye on any stock hitting the tape under the resale filing, as well as new filings that might hint at more selling or new capital moves. Ondas’ next major event is the March 2026 report covering full-year 2025 results, along with any updates to its 2026 guidance.
