Akerman represented Ondas Holdings Inc. (NASDAQ: ONDS) a leading provider of autonomous aerial and ground robot intelligence and private wireless solutions, in its offering of 46,000,000 shares of common stock, which included, 6,000,000 shares of common stock sold pursuant to the exercise in full by the underwriters of their over-allotment option. The transaction generated approximately $217 million in net proceeds after underwriting discounts, commissions, and estimated expenses.
Ondas intends to use the net proceeds for corporate development and strategic growth initiatives, including acquisitions, joint ventures, and investments.
The Akerman team advising Ondas included:
- Christina Russo, Co-Chair, Capital Markets Practice
- Taylor Jobb, Associate, Corporate Practice Group
- Tara Jackson, Special Counsel, Corporate Practice Group
- Amanda Rementeria, Associate, Corporate Practice Group
- William Arnhols, Chair, Corporate Finance and Lending Practice
- Brian Bianco, Chair, Intellectual Property Practice Group
- Esther Moreno, Co-Chair, Capital Markets Practice
- Robert Loewy, Partner, Tax Practice Group.
Akerman also recently represented Ondas in connection with its $173 million offering of common stock, which included the full exercise of the underwriters’ over-allotment option.
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