M&A
confidence high
sentiment neutral
materiality 0.60
Ondas Inc. (ONDS): M&A transaction — Ondas completes acquisition of Airobotics; shares to dual-list on TASE Jan 26
Ondas Inc.
- Merger with Airobotics closed Jan 23, 2023; Airobotics becomes wholly owned subsidiary.
- Airobotics shareholders received ~2.8M Ondas shares (exchange ratio 0.16806); ~1.7M shares underlying assumed equity awards.
- Ondas shares to begin trading on Tel Aviv Stock Exchange (TASE) on Jan 26, 2023, dual-listed with Nasdaq.
- No additional financial terms disclosed; pro forma financials incorporated by reference.