Ondas Inc. has successfully completed the acquisition of a controlling interest in 4M Defense Ltd., a company registered in Israel. This acquisition, which was finalized on March 16, 2026, involved Ondas acquiring the remaining 30% of the issued and outstanding share capital of Chirokka Holding Ltd. (HoldCo), following an initial acquisition of 70% completed on October 29, 2025. The total purchase price for this final stake includes 352,968 shares of Ondas' common stock and contingent earn-out payments of up to $1.4 million, contingent upon achieving certain performance milestones. This strategic move is expected to enhance Ondas' operational capabilities and market position in the defense sector, aligning with its long-term growth strategy. The acquisition is anticipated to have a noticeable positive impact on Ondas' stock price as it expands its portfolio and strengthens its market presence.

Press Release distribution

National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.