Ondas Inc. entered into a definitive Share Purchase Agreement to acquire 100% of Omnisys Ltd., an Israeli company. The acquisition involves a total purchase price of $199 million, payable entirely in shares of Ondas' common stock, with up to an additional $60 million available through contingent earn-out payments.
Key Details
- Transaction Value: The acquisition has a purchase price of $199 million, paid entirely in Ondas Inc. common stock, subject to certain adjustments.
- Contingent Payments: Omnisys shareholders are eligible for up to an additional $60 million in milestone-based earn-out payments over the three years following the closing, also payable in common stock.
- Timeline & Conditions: The transaction is expected to close in the second quarter of 2026, subject to shareholder consent, regulatory approvals, and other customary closing conditions. The agreement has a termination date of June 16, 2026, if closing has not occurred.