New York, January 15, 2026, 15:02 EST — Regular session
- Ondas shares dropped roughly 1% in afternoon trading, while volume surged.
- This week, the company wrapped up a $1 billion stock-and-warrant deal, with shares priced at $16.45
- Investors are focused on Friday’s Investor Day, eager for updates on the 2026 outlook, order trends, and M&A strategies
Ondas Holdings Inc shares dipped roughly 1.2% to $13.40 on Thursday, bouncing between $12.96 and $14.06 earlier in the session. Traders were reacting ahead of Friday’s investor day and digesting a recent sizable capital raise. More than 70 million shares had traded by mid-afternoon. (Yahoo Finance quote)
The dip matters as Ondas prepares to reveal how it plans to deploy nearly $1 billion in new capital — and whether demand for its drone and counter-drone equipment can support the influx of shares.
The question gained urgency after the company sold stock and warrants at a premium earlier this month. While this setup brings cash in fast, it also looms over the share count for some time.
Ondas announced Monday it closed a registered direct offering of 19 million shares along with pre-funded warrants for up to 41.79 million shares. Each share sold came with warrants to buy two additional shares. The company expects net proceeds around $959.2 million. If all warrants are exercised for cash, Ondas could pull in about $3.4 billion more, though it cautioned there’s no guarantee that will happen. (Ondas press release)
The deal came with a combined offering price of $16.45 per share-and-warrant package, roughly 17.5% above the January 8 close, the company said. Ondas shares closed about 19% below that price on Thursday, leaving a tricky gap investors often interpret as a dilution overhang.
A pre-funded warrant acts like a stand-in for a share: the bulk of the purchase price is paid upfront, followed by a small exercise price down the line. Buyers often use it to navigate ownership caps while maintaining economic exposure.
Stifel analyst Jonathan Siegmann, who bumped his price target to a Street-high $17, dismissed claims that Ondas is “just a hyped-up retail stock.” He pointed to the $1 billion institutional investment as clear evidence against that narrative, according to a TipRanks report published Thursday. (TipRanks)
Ondas will hold a virtual Ondas Autonomous Systems (OAS) investor day this Friday at 10:00 a.m. ET. The company is set to present an updated business plan and financial outlook through 2026, covering revenue-growth assumptions, capital allocation, and its strategy on partnerships and acquisitions. A Q&A session will follow. (Investor Day details)
In the defense-drone sector, stocks moved unevenly. AeroVironment slipped roughly 0.3%, while Kratos climbed near 2.9%, and Red Cat pushed up about 4.8%. (AVAV | KTOS | RCAT)
But the setup works both ways. The warrants tied to the financing—and the chance of more shares hitting the market if exercised—could limit near-term gains. Any slip in guidance, order updates, or execution comments on Friday might escalate a typical pullback into a more pronounced sell-off.
Traders are gearing up for the investor day on January 16. They’ll be looking for any 2026 outlook ranges, updates on new customer wins or order momentum, and how management plans to approach acquisitions now that cash is available.
