M&A
confidence high
sentiment neutral
materiality 0.65
Ondas Inc. (ONDS): M&A transaction — Ondas completes acquisition of remaining 30% of 4M Defense for $5M stock; earn-out tied to revenue growth
Ondas Inc.
- Ondas now owns 100% of 4M Defense after acquiring the final 30% from Nir Cohen for $5M in stock.
- Immediate consideration: 352,968 shares of ONDS common stock (value $3.6M based on VWAP).
- Earn-out of up to $1.4M in shares if 4M Defense achieves 30% revenue growth in FY2026 vs 2025 and 30% in FY2027 vs 2026.
- Cohen is subject to a daily trading volume limit of 10% of the average daily trading volume of ONDS.
- All put/call options and minority rights from the original agreement have been cancelled.