ONDS is trading 10.03% down at $9.55 after the company announced a significant acquisition, leading to a reassessment from traders after last week's major post-earnings rally.
- On May 18, Ondas announced it has entered a definitive agreement to acquire Omnisys Ltd., an Israeli developer of AI-powered defense software, for $200 million.
- The acquisition is a major strategic milestone in the company's evolution into a software-defined defense technology company.
- The stock's decline follows a surge last week, including a 26% jump on May 14, after the company reported record Q1 revenue and raised its full-year 2026 guidance.