Ondas Inc. (ONDS): M&A transaction — Ondas acquires Indo Earth Moving Ltd. with $5.7M cash & stock; Indo holds $140M military tender

Ondas Inc.

Cash consideration of $5,663,398 and 5,493,388 shares of Ondas common stock (2.4M issued at close, 3.1M deferred).
Sellers eligible for up to $140M in additional earn-out payments over three years, payable in stock.
Indo recently awarded $140M prime contractor tender for military heavy engineering platforms with a major customer.
Revenue from the tender expected to begin in Q2 2026; program spans two-year delivery plus four-year sustainment.
Acquisition creates synergies with Ondas' autonomous systems units (Roboteam, 4M Defense, Apeiro) for future robotic upgrades.

item 1.01 item 2.01 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Ondas Inc. completed an acquisition involving Indo Earth Moving Ltd. for $5,663,398 in cash and 5,493,388 shares (closed 2026-03-17).

Action: acquisition
Counterparty: Indo Earth Moving Ltd.
Consideration: $5,663,398 in cash and 5,493,388 shares
Closing: 2026-03-17

Exact text from the filing

on March 17, 2026, (the “Closing Date”), the Company acquired 100% of the issued and outstanding share capital of Indo (the “Indo Share Capital”), for a purchase price of $5,663,398 in cash (the “Cash Consideration”) and 5,493,388 shares (the “Shares”) of Company common stock (“Common Stock”), par value $0.0001, including (a) 2,441,506 shares of Common Stock

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Ondas Inc. filing history →

Source: SEC EDGAR

accession 0001213900-26-028724

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