Akerman represented Ondas Holdings Inc. (Nasdaq: ONDS), a leading provider of private industrial wireless networks and commercial drone and automated data solutions, in its recently completed $46 million underwritten public offering.

The offering reinforces Ondas’ momentum as it scales deployment of its advanced wireless infrastructure and autonomous drone technologies. As a trusted advisor to Ondas across multiple stages of its growth, Akerman continues to play a key role in supporting the company’s strategic capital markets initiatives.

“We’re proud to support Ondas as they continue to pioneer the future of industrial connectivity and autonomous drone operations,” said Christina Russo, Co-Chair of Akerman’s Capital Markets Practice. “Our work together reflects a shared commitment to innovation, and we value the trust Ondas places in us as their legal partner through this important stage of growth.”

The public offering included 27.2 million shares of common stock, which incorporates the full exercise of the underwriter’s over-allotment option for an additional 4.8 million shares, as well as pre-funded warrants to purchase up to 9.6 million shares at an exercise price of $0.0001 per share.

The Akerman team advising Ondas included Christina Russo, Co-Chair of Capital Markets; Taylor Jobb, Associate, Corporate Practice Group; and Amanda Rementeria, Associate, Corporate Practice Group, with support from William Arnhols, Chair, Corporate Finance and Lending Practice; Brian Bianco, Chair, Intellectual Property Practice Group; Robert Loewy, Partner, Tax Practice Group; and Esther Moreno, Co-Chair, Capital Markets Practice.

About Akerman
Founded in 1920, Akerman is recognized as one of the country’s premier law firms, with more than 700 lawyers in 25 offices throughout the United States.