Ondas Holdings Inc ( ONDS ) shares are falling in Tuesday’s after-hours session after the company announced a proposed public offering.

See what is happening wIth ONDS stock here.

What Happened: After the market close on Tuesday, Ondas ( ONDS ) said it intends to offer and sell shares of its common stock. The size of the offering was not disclosed, but the company plans to grant the underwriters a 30-day option to purchase additional shares.

All of the shares in the offering will be sold by Ondas ( ONDS ). Net proceeds are expected to be used for working capital, general corporate purposes and potential strategic transactions.

The offering comes after Ondas ( ONDS ) shares closed the day at all-time highs after the company reported better-than-expected results for the second quarter before the market open on Tuesday.

Ondas ( ONDS ) reported second-quarter revenue of $6.27 million, beating estimates of $4.97 million, and a quarterly loss of eight cents per share versus estimates for a loss of 10 cents per share.

The company said it ended the quarter with approximately $68.55 million in cash, cash equivalents and restricted cash.

“We ended Q2 with over $68 million in cash and, in July, retired the remaining balance of Ondas Holdings’ convertible notes, putting us on strong financial footing. With record customer activity, a growing backlog, and deepening visibility, we are building a highly scalable platform. We expect to exit 2025 with a record backlog and clear revenue visibility into 2026,” the company said in its earnings release.

ONDS Price Action: Ondas ( ONDS ) shares were down 13.05% in after-hours, trading at $3.73 at the time of publication on Tuesday, according to Benzinga Pro.

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