Ondas Inc. (ONDS): M&A transaction — Ondas completes $175M merger with defense contractor Mistral, adding $264M backlog

Ondas Inc.

Merger valued at ~$175M; consideration includes ~2.6M shares of Ondas common stock with additional earnout shares.
Mistral brings programs exceeding $1B in value and prime access to U.S. Army and Special Operations IDIQ contracts.
Pro forma backlog adjusted for Mistral and World View was $457M as of March 31, 2026.
Ondas issued inducement RSUs for 1,245,263 shares to 58 new employees hired in connection with the merger.
Registration rights agreement limits stockholder sales to 10% of average daily trading volume.

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 Mistral, Inc. for approximately $175,000,000 (closed 2026-04-24).

Action: acquisition
Counterparty: Mistral, Inc.
Consideration: approximately $175,000,000
Closing: 2026-04-24

Exact text from the filing

with and into Mistral, with Mistral continuing as the surviving entity and a wholly owned subsidiary of the Company (the “Merger”), for an aggregate amount of approximately $175,000,000, comprised of (i) 1,567,735 shares of the Company’s common stock (“Common Stock”), par value $0.0001 per share, issued to the Stockholder, (ii) 261,289 shares of Common Stock

View on SEC.gov

Browse all m&a transactions →

Ondas Inc. filing history →

Source: SEC EDGAR

accession 0001213900-26-047289

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.