Ondas enters deal to acquire 51% of Smart Precision Optics for ~$6M cash

Ondas Inc.

Purchase price: NIS20M (~$5.95M) cash for SPO shares plus NIS1 for 51% of outstanding capital notes (~NIS71M face value).
Contingent consideration up to NIS4M (~$1.19M) if SPO receives qualified grants before Dec 31, 2026.
Shamir has a put option to sell remaining SPO shares to Ondas from Oct 2025 to Jun 2026; Ondas has a call option at NIS200M valuation.
SPO is an Israeli precision optics manufacturer for defense, including missile-defense and counter-drone systems.
Transaction expected to close in Q3 2025, subject to regulatory approvals and no adverse orders.

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