Why Did Ondas Stock Plummet Over 13% Today?

Ondas Holdings Inc. (ONDS) shares were in the spotlight on Tuesday after the company announced the pricing details of its public stock offering, aimed at boosting its expansion plans. 

The company will offer 40 million shares of common stock at $5.00 per share, potentially raising up to $200 million in gross proceeds before fees and expenses. Following the announcement, Ondas stock traded over 13% lower in Tuesday’s premarket. On Stocktwits, retail sentiment around the stock improved to ‘neutral’ from ‘bearish’ the previous day. Message volume shifted to ‘normal’ from ‘low’ levels in 24 hours. 

The offering also includes a 30-day option for underwriters to acquire an additional six million shares. The transaction is expected to close by September 10, contingent on standard regulatory conditions. The funds will be directed toward enhancing Ondas' strategic roadmap, with a focus on mergers, joint ventures, and investment initiatives.

Ondas operates through two core divisions: Ondas Autonomous Systems (OAS), which develops AI-driven drone and robotic technologies, and Ondas Networks, a provider of private wireless infrastructure. 

On September 2, Ondas unveiled a new division, Ondas Capital, designed to advance defense-related autonomous technologies through both investments and advisory services. 

The initiative will focus heavily on unmanned systems and robotics solutions, particularly in support of Allied military and security sectors. The company plans to commit a minimum of $150 million over the next two years to back field-tested defense innovations. The first round of investments is slated to begin in the fourth quarter of 2025.

Ondas' stock has gained over 112% in 2025 and over 512% in the last 12 months. 

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