Ondas Holdings Inc, a wireless networking provider, has filed Amendment No 3 to Form S-1 Registration Statement November 30, 2020 with the U.S. Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $30 million by offering 2.9 million shares at the price of $10.40. Assuming a successful IPO at the proposed range, the company expects a market capitalization of $246 million.
The company provides wireless connectivity solutions enabling mission-critical Industrial Internet applications and services. Its applications are secure, real time connectivity with the ability to process large amounts of data at the edge.
The Sunnyvale, California-based company was founded in 2006 and booked $1 million in sales for the 12 months ended June 30, 2020. It plans to list on the Nasdaq Stock Market under the symbol “ONDS.” Oppenheimer & Co. is the underwriter of the IPO.
The company engages Allen & Akerman LLP as US Securities Counsel, and Rosenberg Rich Baker Berman P.A. as Independent Auditor.
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