Ondas Holdings Inc. (ONDS) saw its shares drop sharply by 5.04% during Monday's intraday session, underperforming the broader market.
The decline follows SEC filings revealing the company's recent capital activities, including net proceeds of approximately $959.2 million from an offering and a new placement agent agreement with Oppenheimer & Co. Such moves often raise investor concerns about potential dilution, which may have contributed to the sell-off.
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