Ondas Holdings brings in $217M from underwritten offering - The Robot Report

Ondas Holdings Inc., a provider of autonomous aerial and ground systems, recently closed an underwritten offering of 46 million common shares, raising approximately $217 million net of expenses. The company plans to use the proceeds to fuel corporate development and strategic growth initiatives, including acquisitions, joint ventures, and investments. This follows a prior $163 million public offering and the acquisition of a majority stake in Israeli electro-optics firm S.P.O. Smart Precision Optics Ltd. Ondas operates through two main units: Ondas Autonomous Systems (OAS), which develops commercial drones and ground robots under brands like Airobotics and American Robotics, and Ondas Networks, which offers FullMAX software-defined radio connectivity for industrial applications. OAS markets advanced autonomous systems such as the Optimus System, capable of fully autonomous aerial data capture with self-swapping batteries and payloads for continuous operation in complex environments. It also offers the Iron Drone System, a GPS-independent counter-drone solution designed to protect assets with minimal