Ondas Inc. announced the completion of its acquisition of High Point UAS, LLC on July 2, 2026. The deal consists of approximately $200 million in cash and a total of 84,999,996 shares of Ondas common stock, combining both immediate and deferred share issuances.
Key Details
- Purchase Price: The aggregate consideration includes approximately $200 million in cash (with $12 million placed in escrow) and a total of 84,999,996 shares of Ondas common stock.
- Stock Issuance & Terms: The stock portion is comprised of 39,999,998 shares issued at closing and an additional 44,999,998 shares to be issued on January 4, 2027. These deferred shares are subject to a six-month lock-up period and other transfer restrictions.
- Agreement & Closing Date: The Unit Purchase Agreement was entered into and the acquisition was completed on July 2, 2026.