Ondas Holdings Inc. 8-K Filings

Ondas Inc. reported record results for the quarter ended June 30, 2026, with revenue of $83.8 million, up from $50.1 million in Q1 2026 and $6.3 million a year earlier, reflecting approximately 67% sequential growth and more than a thirteen-fold year-over-year increase. Pro forma organic revenue grew 85% year over year, supported by strong demand for counter‑UAS and other autonomous defense solutions.

The company booked $175 million in new orders in Q2 and an additional $105 million early in Q3, expanding reported backlog to $613 million and pro forma backlog, including DZYNE and Cyberhawk, to $757 million as of June 30, 2026. Ondas held about $1.4 billion in cash, cash equivalents, restricted cash and short‑term investments, and total assets of $3.0 billion.

Profitability remains pressured. GAAP gross margin was 43.1% (Adjusted Gross Margin 50.4%), while operating expenses rose to $199.1 million, driven by $69.1 million in stock‑based compensation, $18.6 million of amortization and a $19.2 million increase in contingent consideration. Ondas reported a net loss of $88.6 million attributable to stockholders and an Adjusted EBITDA loss of $50.6 million. Management raised full‑year 2026 revenue guidance to $525–$550 million and guided Q3 2026 revenue to $140–$155 million, while targeting Adjusted EBITDA breakeven at the operating platform level by Q4 2026 and company‑wide by Q4 2027.

Ondas Inc. filed an amendment to its July 2026 acquisition disclosure to add full financial statements and pro forma information for High Point UAS, LLC and its subsidiaries. High Point provides integrated autonomous defense and robotic systems to government and commercial customers.

For the year ended December 31, 2025, High Point reported sales of $104.8 million, a net loss of $11.7 million, and net cash provided by operating activities of $9.8 million. Total assets were $320.1 million, including $186.1 million of goodwill and $55.6 million of intangible assets, with members’ equity of $288.5 million. Revenue was diversified between government contracts of about $55.2 million and other customers of about $49.6 million, though one customer represented roughly 42% of 2025 sales.

For the three months ended March 31, 2026, High Point generated sales of $25.1 million and a net loss of $5.5 million, with total assets of $316.8 million. Notes describe Ondas’s July 2, 2026 purchase of 100% of High Point for approximately $200 million in cash plus 39,999,998 Ondas shares at closing and 44,999,998 additional shares due January 4, 2027.

Ondas Inc. completed the previously announced acquisition of Cyberhawk Holdings Limited on August 10, 2026, acquiring 100% of Cyberhawk’s share capital for $118.2 million in cash plus 581,732 shares of Ondas common stock. These shares are subject to a one-year transfer restriction and further constrained for eighteen months by a Registration Rights and Lock-Up Agreement that limits daily resales to each seller’s pro rata portion of 10% of average daily trading volume. Ondas agreed to file a Rule 424(b)(7) prospectus supplement to register the resale of these shares. In connection with the deal, Ondas granted 1,601,593 RSUs and stock options for 1,290,000 shares at $9.11 to 47 new employees, with multi‑year time-based vesting schedules.

Ondas Inc. adopted the Ondas Inc. 2026 Inducement Plan on August 3, 2026. The plan is intended for equity and cash-based awards and reserves 20,000,000 shares of common stock for grants.

The plan permits non-qualified stock options, restricted stock units, restricted stock, stock appreciation rights, performance units, performance shares and other stock or cash-based awards. It was adopted without stockholder approval pursuant to Nasdaq Listing Rule 5635(c)(4), and the full plan text is provided as an exhibit.

Ondas Inc. filed a prospectus supplement to its effective Form S-3ASR registration statement covering the resale from time to time by certain stockholders of 2,583 shares of its common stock, par value $0.0001 per share.

Those stockholders acquired the Shares in connection with Ondas’s acquisition of World View Enterprises Inc., as previously disclosed on April 1, 2026. The original issuance of these Shares was exempt from Securities Act registration under Regulation D as a transaction by an issuer not involving a public offering. A legal opinion from Snell & Wilmer L.L.P., serving as Nevada counsel, is provided regarding the legality of the Shares.

Ondas Inc. completed the acquisition of DZYNE Technologies via its purchase of High Point UAS for total consideration of about $875 million, including $200 million in cash and roughly 85 million Ondas shares. More than half of the equity portion, including 44,999,998 locked-up shares, is subject to a six‑month lock-up with potential extension tied to a $20.00 average share-price test.

DZYNE is expected to generate $191 million of revenue in 2026 and more than $300 million in 2027, supporting an anticipated revenue CAGR above 80% from 2025–2028 and EBITDA margins rising from positive in 2026 to the mid‑20% range by 2028. Ondas raised its 2026 revenue target to at least $525 million, up from a prior goal of at least $390 million, driven by the additions of DZYNE and Omnisys.

Ondas Inc. filed a prospectus supplement covering the resale from time to time by certain stockholders of 3,378,084 shares of its common stock. These shares were originally issued in connection with prior acquisitions and are now being registered so those holders can sell them publicly.

The filing notes that 3,285,696 of the shares were issued as part of Ondas’s acquisition of Omnisys Ltd., and 92,388 shares were issued in the acquisition of World View Enterprises Inc. The company also discloses that the original issuances to non-U.S. investors were exempt from registration under Regulation S.

Ondas Inc. filed a prospectus supplement linked to an existing shelf registration to cover the potential resale from time to time of 3,126,979 shares of its common stock. These shares were previously issued as part of the consideration for acquiring Omnisys Ltd. and World View Enterprises Inc.

The company also notes that the original issuances of these shares to non-U.S. investors were made under an exemption from Securities Act registration in accordance with Regulation S. The filing includes a legal opinion from Snell & Wilmer L.L.P. confirming the legality of the shares.

Ondas Inc. has entered into a definitive agreement to acquire Cyberhawk Holdings Limited, a critical infrastructure inspection and AI analytics provider, in a mostly cash transaction valued at approximately $125 million, subject to regulatory approvals and customary closing conditions.

Cyberhawk is expected to generate more than $45 million of revenue in its fiscal year ending March 2027 with high-single digit EBITDA margins, targeted to grow to 25%+ by 2030. The business has a $95 million backlog, about 95% recurring revenue from multi-year contracts and software subscriptions, and has inspected over 500,000 assets, building a large proprietary data set.

The acquisition is intended to expand Ondas’ platform from autonomous data collection into visualization, analysis and asset-level decision support through Cyberhawk’s iHawk software and AI-enabled analytics, strengthening its position across defense, security and critical infrastructure markets. Closing is expected in the third quarter of 2026.

Ondas Inc. filed a prospectus supplement to its effective Form S-3ASR registration statement covering the resale from time to time by certain stockholders of 6,070,948 shares of its common stock.

These shares were previously issued as consideration in Ondas’ acquisitions of Omnisys Ltd. (3,019,066 shares) and Indo Earth Moving Ltd. (3,051,882 shares). The original issuances to non-U.S. investors were made under Regulation S, and a supporting legal opinion from Snell & Wilmer L.L.P. is included as an exhibit.

Ondas Inc. filed a prospectus supplement covering the resale from time to time by certain stockholders of 2,701,420 shares of its common stock. These shares were originally issued to those stockholders in connection with Ondas’s acquisition of Omnisys Ltd., an Israeli company. The issuance of the shares relied on an exemption from registration under Regulation S for sales to non-U.S. investors outside the United States. Ondas also filed a legal opinion from its Nevada counsel, Snell & Wilmer L.L.P., confirming the legality of the shares, which is included as an exhibit.

Ondas Inc. filed a prospectus supplement to an effective shelf registration statement covering the resale from time to time by certain stockholders of 2,112,674 shares of its common stock. These shares were issued to those stockholders in connection with the Company’s acquisition of Omnisys Ltd.

The Company notes that the original issuance of these shares to non-U.S. investors outside the United States was exempt from registration under the Securities Act in accordance with Regulation S. The filing also includes a legal opinion from Snell & Wilmer L.L.P. regarding the legality of the shares.

Ondas Inc. filed a prospectus supplement linked to an existing shelf registration to allow certain stockholders to resell 297 shares of its common stock from time to time. These shares were originally issued in connection with Ondas’ acquisition of World View Enterprises Inc. and were exempt from registration under Section 4(a)(2) and Regulation D, Rule 506. The company attached a legal opinion and related consent from its Nevada counsel, Snell & Wilmer L.L.P., as exhibits.

Ondas Inc. held its 2026 annual meeting of stockholders, where investors approved several key proposals. Stockholders approved an amendment to the 2021 Stock Incentive Plan, increasing the shares of common stock authorized for issuance under the plan from 61,000,000 to 81,000,000. They also approved a Certificate of Amendment to raise the company’s authorized common stock from 800,000,000 to 1,200,000,000, expanding the company’s capacity to issue new shares in the future. Stockholders elected four directors for one-year terms, ratified BDO USA, P.C. as independent auditors for the fiscal year ending December 31, 2026, and gave advisory approval to the company’s executive compensation.

Ondas Inc. filed a prospectus supplement covering the resale from time to time by certain stockholders of 2,714,285 shares of its common stock. These shares were originally issued to those stockholders in connection with Ondas’ acquisition of Omnisys Ltd., an Israeli company.

The filing clarifies that the prior issuance of the shares to non-U.S. investors was made under Regulation S, which exempts the transaction from Securities Act registration because it occurred outside the United States. The supplement uses an existing automatic shelf registration to permit the selling stockholders, not the company, to resell their shares on the market over time.

Ondas also filed a legal opinion from its Nevada counsel, Snell & Wilmer L.L.P., confirming the legality of the shares covered by the resale registration.

Ondas Inc. filed a prospectus supplement covering the resale from time to time by certain stockholders of 2,738,224 shares of its common stock. These shares were originally issued in a private transaction under Regulation D and were acquired in connection with Ondas’s acquisition of Mistral, Inc. The filing also includes a legal opinion from Snell & Wilmer L.L.P. as to the validity of the shares.

Ondas Inc. completed its acquisition of Israeli defense software company Omnisys Ltd., buying 100% of its share capital in an all‑stock deal valued at $196,602,739.73. Consideration consists entirely of Ondas common stock, with part issued at closing and the rest payable in installments.

At closing, Ondas issued Common Stock valued at $25,520,000 (2,726,494 shares) and deposited shares valued at $3,480,000 (371,794 shares) into escrow. A further $142,500,000 of stock will be paid in five equal installments, with the remaining balance delivered in stock on the twenty‑fourth trading day after closing.

Omnisys adds its Battle Resource Optimization (BRO) AI platform for multi‑domain defense planning, with expectations of more than $100 million of high‑margin revenue over 2026 and 2027. Ondas agreed to register the resale of the shares issued to Omnisys sellers, who are subject to a daily volume cap of 15% of average trading volume.

Ondas Inc. has entered into a definitive Share Purchase Agreement to acquire 100% of Omnisys Ltd. for an aggregate purchase price of $199,000,000, payable in shares of Ondas common stock, plus up to an additional $60,000,000 in contingent earn-out payments in stock.

The purchase price includes $29,000,000 in stock at closing, $142,500,000 in five equal stock installments within twenty days after closing, and the remaining balance on the twenty‑fourth trading day following closing. Omnisys’ shareholders may earn the additional $60,000,000 over three years if specified milestones are achieved.

Closing is subject to multiple conditions, including Omnisys shareholder approval, required governmental consents, absence of blocking legal actions or a Material Adverse Effect, and retention of all key employees and at least 90% of employees and contingent workers. The parties may terminate if the acquisition has not closed by June 16, 2026. Ondas expects the transaction to close in the second quarter of 2026, and the shares issued, including earn-out shares, will be unregistered and sold to non‑U.S. investors under Regulation S.

Ondas Inc. filed a prospectus supplement covering the potential resale of 2,264,491 shares of its common stock. These shares were originally issued to certain stockholders in connection with Ondas’s acquisition of Mistral, Inc., a Delaware corporation, completed earlier and previously disclosed.

The company notes that the original issuances of these shares were exempt from Securities Act registration under Regulation D. The filing also attaches a legal opinion from Snell & Wilmer L.L.P., Ondas’s Nevada counsel, confirming the legality of the shares being registered for resale.

Ondas Inc. filed a prospectus supplement covering the potential resale from time to time by certain stockholders of 3,342,378 shares of its common stock. These shares were previously issued to those stockholders in connection with Ondas’s acquisition of World View Enterprises Inc.

The company notes that the original issuances of these shares were exempt from Securities Act registration under Regulation D. Ondas also filed a related legal opinion and consent from its Nevada counsel as exhibits.

Ondas Inc. reported record first quarter 2026 results and raised its full-year 2026 revenue outlook to at least $390 million, representing about a 670% increase from 2025. Q1 2026 revenue reached $50.1 million, more than ten times Q1 2025 and up 66% from Q4 2025, with gross margin improving to 49%.

Despite this growth, Ondas posted an adjusted EBITDA loss of $10.9 million as operating expenses rose to support acquisitions and global expansion. Net income was $361.2 million, driven largely by a $389.5 million non-cash gain from warrant liability revaluation and a $51.5 million gain from deconsolidating Ondas Networks. Pro forma backlog increased to $457 million, and cash, cash equivalents, restricted cash and short-term investments totaled about $1.48 billion as of March 31, 2026, giving substantial capacity to fund the company’s Core + Strategic Growth Program and further acquisitions.

Ondas Inc. filed a prospectus supplement covering the resale from time to time by certain stockholders of 2,774,693 shares of its common stock, par value $0.0001 per share. These shares were acquired earlier in connection with Ondas’s acquisition of Mistral, Inc.

The company notes that the original issuance of these shares was exempt from Securities Act registration requirements under Regulation D. The current action places these previously issued shares onto an effective shelf registration, allowing the holders to sell them publicly when they choose. Ondas also filed a supporting legal opinion from its Nevada counsel as an exhibit.

Ondas Inc. filed a prospectus supplement covering the resale of 6,351 shares of its common stock by certain stockholders. These shares were originally issued in connection with Ondas’s acquisition of World View Enterprises Inc., a Delaware corporation.

The filing updates Ondas’s effective Form S-3ASR shelf registration to allow those holders to sell their shares from time to time. The company also notes that the original issuance of these shares was an unregistered sale exempt under Regulation D, and it provides a Nevada legal opinion from Snell & Wilmer L.L.P. as an exhibit.

Ondas Inc. filed a prospectus supplement covering the potential resale from time to time by certain stockholders of 2,793,294 shares of its common stock, par value $0.0001 per share. These shares were previously issued to those stockholders in connection with Ondas’s acquisition of Mistral, Inc.

The company notes that the original issuances of these shares were exempt from Securities Act registration under Regulation D. Ondas also filed a legal opinion from its Nevada counsel, Snell & Wilmer L.L.P., confirming the legality of the shares included in this resale registration.

Ondas Inc. filed a prospectus supplement to an effective Form S-3ASR registration statement covering the resale from time to time by certain stockholders of 2,535,496 shares of its common stock. These shares were previously issued to those stockholders in connection with Ondas’ acquisition of Mistral, Inc., a Delaware corporation, as disclosed earlier. The company also filed a legal opinion from its Nevada counsel, Snell & Wilmer L.L.P., confirming the legality of the shares.

Ondas Inc. furnished a CEO letter ahead of its 2026 annual meeting outlining rapid growth, heavy M&A activity, and a proposed increase in authorized shares. The company reported 2025 revenue of $50.7 million, a 605% year-over-year increase, and a backlog of $457 million, supporting a 2026 revenue target of at least $375 million.

Ondas highlighted more than $1.4 billion in cash and short-term investments as of March 31, 2026 (unaudited). In 2026 it has completed five acquisitions totaling $557 million, with these businesses expected to contribute approximately $230 million of 2026 revenue and a broader pipeline with potential $500 million 2026 run-rate revenue.

The board is asking stockholders to approve an increase in authorized shares from 800 million to 1.2 billion. Over 50% of shares are issued and outstanding, and nearly 25% of authorized shares are reserved for warrants with strike prices of $20 and $28 per share, which the company says constrains its flexibility for strategic acquisitions and growth initiatives.

Ondas Inc. filed a prospectus supplement to its effective Form S-3ASR registration statement covering the resale from time to time by certain stockholders of 4,001 shares of its common stock. These shares were previously issued in connection with the Company’s acquisition of World View Enterprises Inc.

The filing also includes a legal opinion from Snell & Wilmer L.L.P., the Company’s Nevada counsel, regarding the legality of the shares, together with the related consent as exhibits.

Ondas Inc. filed a prospectus supplement to an effective Form S-3ASR registration statement covering the resale from time to time by certain stockholders of 2,351,833 shares of its common stock.

The stockholders had acquired these shares in connection with Ondas’ previously disclosed acquisition of Mistral, Inc. The original issuance of the shares was made in a private transaction relying on an exemption from Securities Act registration under Regulation D. Ondas also filed a legal opinion from its Nevada counsel, Snell & Wilmer L.L.P., as an exhibit addressing the legality of the shares.

Ondas Inc. filed a prospectus supplement tied to its existing Form S-3ASR registration statement to cover the resale from time to time by certain stockholders of 1,455,388 shares of its common stock. These shares were previously issued in connection with Ondas’ acquisition of World View Enterprises Inc.

The company notes that the original issuance of these shares was exempt from Securities Act registration under Regulation D, and it has filed a Nevada legal opinion from Snell & Wilmer L.L.P. confirming the legality of the shares.

Ondas Inc. completed its merger with defense contractor Mistral Inc., a transaction valued at approximately $175,000,000, paid in shares of common stock and structured escrows. Initial consideration includes 1,567,735 shares issued to the stockholder, 261,289 shares in an escrow account for adjustments and indemnities, and 783,867 shares in a deferred consideration escrow to be released over three years.

The company will issue additional common stock equal to $90,000,000 to the stockholder, $15,000,000 into the escrow account, and $45,000,000 into the deferred escrow in six equal installments. Mistral adds approximately $264,000,000 in contracted backlog, contributing to Ondas’ pro forma backlog of $457,000,000 as of March 31, 2026. Ondas also approved inducement RSU grants covering 1,245,263 shares to 58 newly hired employees tied to the merger.

Ondas Inc. filed a prospectus supplement on April 17, 2026 to an effective shelf registration statement on Form S-3ASR. The filing covers the resale from time to time of 2,328,342 shares of Ondas common stock, par value $0.0001 per share, by certain stockholders.

These stockholders previously acquired the 2,328,342 shares in connection with Ondas’s acquisition of World View Enterprises Inc. The issuance of the shares was treated as exempt from Securities Act registration under Regulation D. A legal opinion from Snell & Wilmer L.L.P. regarding the validity of the shares is included as an exhibit.

Ondas Inc. filed a prospectus supplement covering the resale of 881,131 shares of its common stock. These shares were issued to certain stockholders in connection with Ondas’ acquisition of World View Enterprises Inc. and may be sold from time to time under an effective shelf registration.

The shares have a par value of $0.0001 per share and are registered on an existing automatic shelf registration statement on Form S-3ASR. A legal opinion from Snell & Wilmer L.L.P., the company’s Nevada counsel, regarding the validity of the shares is included as an exhibit.

Ondas Inc. filed a prospectus supplement to an effective shelf registration, covering the resale from time to time by certain stockholders of 4,400,561 shares of its common stock.

The stockholders received these shares in Ondas’s acquisition of World View Enterprises Inc. The original issuance of the shares was an unregistered transaction relying on Regulation D. The filing also includes a legal opinion from Snell & Wilmer L.L.P. on the validity of the shares.

Ondas Inc. completed its acquisition of World View Enterprises on April 1, 2026, merging World View into a wholly owned subsidiary. The consideration includes up to 12,775,219 Ondas common shares, with 99,233 shares held in escrow for potential post-closing purchase price adjustments, plus approximately $7.3 million in cash toward outstanding obligations.

Ondas entered a Registration Rights Agreement to allow certain former World View stockholders to resell their shares, subject to a six-month limit that caps daily sales at 5% of the prior day’s trading volume. The company also approved inducement equity awards tied to the acquisition, granting RSUs for 2,309,934 shares and stock options for 1,745,000 shares at an exercise price of $9.02 per share, with staggered vesting schedules through 2027.

Ondas Inc. filed a prospectus supplement covering the potential resale from time to time by certain stockholders of 1,928,532 shares of its common stock. These shares were originally issued when Ondas acquired 100% of the share capital of Sentry CS Ltd., an Israeli company, in November 2025.

The company notes that the original issuances of these shares were exempt from Securities Act registration under Regulation S and Regulation D. Ondas also filed a legal opinion from Snell & Wilmer L.L.P., its Nevada counsel, confirming the legality of the shares, along with the related consent as exhibits.

Ondas Inc. furnished an investor slide presentation that provides supplemental information on its financial and operating results for the fourth quarter and full year ended December 31, 2025. The March 25, 2026 presentation is attached as Exhibit 99.1 and is treated as furnished, not filed, under securities laws.

Ondas Inc. has signed a definitive Agreement and Plan of Merger to acquire World View Enterprises Inc., which will become a wholly owned subsidiary. The company will pay an aggregate purchase price of $150,000,000, subject to adjustments, largely in Ondas common stock.

Up to approximately $129,500,000 of the consideration will be paid in shares, with shares valued at $1,000,000 placed in escrow for potential post-closing purchase price adjustments. Ondas may pay cash instead of shares to any non‑accredited stockholder. The merger is expected to close in the second quarter of 2026, subject to customary conditions, including stockholder consent, limited appraisal rights, no blocking governmental orders, and no material adverse effect on World View.

World View is described as a leader in high‑altitude balloon ISR and stratospheric remote sensing, adding stratospheric persistence to Ondas’ existing autonomous aerial, counter‑UAS, and ground robotics capabilities. The combined platform is positioned around multi‑domain, AI‑enabled intelligence solutions for defense, homeland security, allied governments, and critical infrastructure customers.

Ondas Inc. reported record 2025 results with revenue climbing to $50.7 million, about 605% above 2024, driven mainly by its Ondas Autonomous Systems unit and recent acquisitions. Gross margin improved to 40% from 5%, showing much better profitability on each dollar of sales.

The company remains unprofitable, posting a 2025 net loss of $133.4 million, largely due to an $82.2 million non-cash warrant liability revaluation, and an Adjusted EBITDA loss of $31.3 million. Ondas ended 2025 with $594.4 million in cash, cash equivalents and restricted cash, then raised about $960 million more in January 2026, bringing cash to roughly $1.55 billion. It now targets at least $375 million of revenue in 2026 and $38–$40 million in Q1 2026, with goals for product-level profitability by Q3 2026 and company-wide profitability by Q1 2028.

Ondas Inc. filed an amended report to update its preliminary fourth quarter and full year 2025 results after finishing additional closing work, mainly around the fair value of its warrant liability. That revaluation is now expected to produce a net gain of about $102 million in 2025.

For Q4 2025, Ondas expects revenue between $29.1 and $30.1 million, above its prior guidance of $27 to $29 million, net income between $82.9 and $83.4 million, and Adjusted EBITDA between $(9.9) and $(9.4) million. For full year 2025, it expects revenue between $49.7 and $50.7 million, net income between $50.4 and $50.9 million, and Adjusted EBITDA between $(31.5) and $(31) million.

The company reiterates its 2026 revenue outlook of $170 to $180 million. As of December 31, 2025, Ondas held about $551 million in cash and cash equivalents and subsequently raised about $1 billion on January 12, 2026. Final 2025 results will be reported on March 25, 2026.

Ondas Inc. announced the formation of ONBERG Autonomous Systems, a joint venture with HD Advanced Technologies GmbH, a wholly owned subsidiary of Heidelberger Druckmaschinen AG. The venture is designed as a European one-stop shop for autonomous drone defense and security systems.

ONBERG will initially focus on deploying Ondas Autonomous Systems’ battle-proven counter‑UAS and ISR platforms in Germany and Ukraine, then expand across the European Union. The plan includes expanding Heidelberg’s Brandenburg an der Havel site into a center of excellence for autonomous defense systems with localized assembly and full manufacturing.

The joint venture combines Ondas’ autonomous drone, robotics and counter‑UAS technologies with Heidelberg’s 175 years of engineering expertise and scalable industrial manufacturing capabilities. Ondas furnished a fact sheet as Exhibit 99.1 under Regulation FD and filed a joint press release as Exhibit 99.2 to describe the initiative.

Ondas Inc. filed a prospectus supplement covering the resale from time to time by certain stockholders of 3,358,097 shares of its common stock. These shares were issued to those stockholders in connection with Ondas’s acquisition of all outstanding share capital of Bird Aerosystems Ltd.

The company also filed a Nevada legal opinion from Snell & Wilmer L.L.P. on the validity of these shares, along with the related consent and technical cover-page data exhibit.

Ondas Inc. entered into a Share Purchase Agreement to acquire 100% of Indo Earth Moving Ltd. on March 17, 2026. The purchase price is $5,663,398 in cash plus 5,493,388 shares of common stock, including 2,441,506 Closing Shares and 3,051,882 shares issuable after the first milestone.

The sellers may earn up to an additional $140,000,000 over three years in contingent stock-based earn-outs tied to milestones. Indo holds a tender valued at $140 million for military Heavy Engineering Platforms, expected to begin generating revenue in Q2 2026. Seller share sales are limited to 10% of average daily trading volume.

The Closing Shares are being registered for resale under a Registration Rights Agreement, with the company agreeing to file resale prospectus supplements for Closing, milestone and earn-out shares. Ondas positions this acquisition as expanding its autonomous systems business into robotic heavy engineering platforms and supporting a multi-year military engineering vehicle program.

Ondas Inc. completed the acquisition of UK-based Rotron Aerospace Ltd. on March 16, 2026, buying 100% of Rotron’s indirect parent, Gilo Holdings Ltd., for approximately $6,662,046 in cash and 3,334,753 Ondas common shares.

The deal adds long-range unmanned aircraft, VTOL platforms, and advanced aero-engine propulsion technologies to Ondas’ autonomous systems portfolio and creates a UK industrial base focused on defense and NATO programs. Of the shares issued, 659,731 are subject to a 12‑month lock-up, and all issued shares are subject to a resale volume cap of 10% of average daily trading volume under a Registration Rights Agreement. Ondas plans to provide outlook information on Rotron on its March 25, 2026 earnings call.

Ondas Inc. has become the full owner of Israeli company 4M Defense Ltd. by acquiring the remaining 30% of its holding company, Chirokka Holding Ltd. The final stake was purchased from seller Nir Cohen for 352,968 shares of common stock plus up to $1,400,000 shares of common stock in contingent earn-out payments tied to specified milestones.

The sellers are subject to daily trading limits, capped at 10% of the stock’s average daily trading volume over the prior ten trading days. Ondas also granted registration rights for resale of these shares via a prospectus supplement, and the issuance was made as an unregistered offshore offering under Regulation S. No separate financial or pro forma statements were required for this transaction.

Ondas Inc. is entering a strategic partnership with Palantir Technologies and World View to build an AI-enabled, multi-domain intelligence platform for persistent surveillance and reconnaissance missions across stratosphere, air, and ground.

World View contributes its high-altitude Stratollite® platforms, Ondas brings autonomous aerial, ground, and counter‑drone systems, and Palantir provides its Artificial Intelligence Platform to integrate data, planning, and edge operations. The partners will develop three core programs—Warp Speed for production and mission readiness, AI Flight Director for mission planning and operations, and SkyWeaver for on‑vehicle edge intelligence. Work optimizing World View’s systems has begun and integration across Ondas’ portfolio is expected to start as early as the fourth quarter of 2026.

Ondas Inc. filed a prospectus supplement covering the resale of 6,933,110 shares of its common stock by certain stockholders. These shares were issued to the sellers of BIRD Aerosystems Ltd. as consideration for acquiring 100% of BIRD’s share capital.

The acquisition brings BIRD’s airborne missile protection and airborne intelligence, surveillance and reconnaissance (ISR) technologies into Ondas’ defense platform. BIRD’s aircraft protection systems are installed on more than 700 aircraft across over 40 aircraft types serving the U.S. Army, NATO forces, APAC air forces and UN aviation fleets.

By combining BIRD’s missile warning, countermeasure and ISR mission systems with Ondas’ autonomous aerial, ground and counter‑UAS solutions, Ondas aims to build a more comprehensive multi‑domain defense architecture. The company plans to share outlook information on BIRD Aerosystems during its earnings conference call on March 25, 2026.

Ondas Inc. agreed to acquire 100% of defense contractor Mistral Inc. in an all‑stock merger valued at $175,000,000, expanding its direct participation in U.S. defense programs. The consideration consists entirely of Ondas common stock, with portions placed in escrow and others paid in installments and multi‑year releases.

Closing is subject to customary conditions, including Mistral stockholder consent, required governmental approvals, and no Material Adverse Effect, with an expected closing in the second quarter of 2026. The shares issued in the merger will be issued under a Regulation D exemption and are to be registered for resale under a future registration statement.

Ondas Inc. reported strong preliminary growth for 2025 while remaining unprofitable. Fourth quarter 2025 revenue is expected between $29.1–$30.1 million, above prior guidance of $27–$29 million, with a net loss of $(20.9)–$(20.4) million and adjusted EBITDA of $(11.4)–$(10.9) million.

For full year 2025, revenue is expected between $49.7–$50.7 million, far above 2024 revenue of $7.2 million and above guidance of $47.6–$49.6 million. Full year net loss is projected at $(53.3)–$(52.8) million and adjusted EBITDA at $(32.9)–$(32.4) million.

The company reiterated its 2026 revenue outlook of $170–$180 million and reported pro forma cash and cash equivalents exceeding $1.5 billion as of December 31, 2025, including approximately $1 billion raised on January 12, 2026. Final audited results will be released on March 25, 2026, alongside a conference call.

Ondas Inc. filed a current report describing a leadership change at its Ondas Autonomous Systems (OAS) business unit. The company has appointed David Chinn, a Senior Partner at McKinsey & Company, to the OAS Board of Directors, strengthening governance as OAS pursues global defense and national security opportunities.

The release highlights Mr. Chinn’s long experience advising governments, defense organizations, and advanced technology companies on strategy, modernization, and large-scale capability development across multiple regions. Ondas positions this appointment as support for its strategy to deliver layered autonomous solutions in areas such as airspace security, counter‑UAS, ISR, and robotic systems.