Ondas Inc. announced the completion of its acquisition of Omnisys Ltd., an Israeli company, for an aggregate purchase price of approximately $196.6 million. The transaction, which closed on May 21, 2026, was paid for entirely with shares of Ondas' common stock.
Key Details
- Total Consideration: An aggregate purchase price of $196,602,739.73, payable entirely in ONDS common stock.
- Payment Terms: The stock will be issued in tranches, including $25.52 million at closing, $142.5 million in five equal installments within 20 days of closing, and the remaining balance thereafter. An additional $3.48 million in stock was deposited into escrow.
- Associated Agreements: Sellers are subject to trading volume limits of 15% of the average daily trading volume. Ondas also entered into a Registration Rights Agreement to facilitate the resale of the shares issued as consideration.